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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (55412)	6/5/2015 10:13:42 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78664

AP: I'll take a few shares here, EKS. Reversion-to-mean play for me: Stock, now at .8x stated bv, I look to trade at 1x or higher, where it's often traded in past years. Negatives are that bv is maybe only stable, if not decreasing. Company has several businesses, although all seem to be steel relatated. Cash exceeds debt. OK dividend while waiting. Perhaps its classification is cheap stock in a (very) mediocre business. Not what Mr. Buffett would be looking for. finance.yahoo.com

To: E_K_S who wrote (55412)

6/5/2015 7:41:54 PM

From: Mattyice

1 Recommendation

Recommended By
E_K_S

Read Replies (1) | Respond to of 78664

AP -

I also picked up a few shares today, been on my radar since eks first mentioned.

I like the business, the dividend seems sustainable and on a normalized basis with low growth I think this thing is worth $29-30.

I also like the candor of some of the conference calls ive read. I dont know why that is important to me, but I like it.

A more conservative level of growth ~2% I would value the operations around $20 which is also around the graham number.

I also like the freecash flow yield, its worth a spot in my portfolio.

This is an effort to start simplifying some of my portfolio and just buy stocks I like with some margin of safety. I believe AP fits this mold.

Reinvestment Rate	15.14%	EBIT / EV	0%
Value of Operating Assets (EBIT at 25mil)	136	EBITDA / EV	11%
+ Cash	97	FCF / EV	11%
- Debt	13
Value of Equity	220
Per Share	21
Current Share Price	16
GN	21

Mattyice

To: E_K_S who wrote (55412)	6/14/2015 2:57:58 PM
From: richardred	Respond to of 78664

RE:ARTW I don't blame you for taking profits. Ho hum prospects are built into the current stock price IMO. Which I see fairly valued at current prices. I saw some huge volume around your exit. I think some of it was big traders, but some maybe Horton? The way I see it. The McConnell family controls a big portion of stock which pretty much prevents any takeover without consent. I'm holding on for now. IMO There's a chance Horton might push a little to get the company to maybe exit the vessels business which is a laggard. That would be a positive along with any improvement in Artway scientific buildings. The ebloa scare didn't lead to any forthcoming orders that I know of. The more recent animal scares. The bird and pig flu. IMO Might only have small forthcoming marginal orders at best. Meanwhile the farming segment the mainstay that drives this company. The current prospects seem mixed. I guess maybe they can sell more grinders for naturally corn feed cattle, swine and poultry? There seems to be a starting trend for naturally feed and away from GMO feed. RE: Awhile back, Palmer Tank being acquired, I wrote on the ARTW message board.. Message 28861796 Arts Way Manufacturing Co Inc Bullish Signal Horton Capital Partners Is In! 05/08/2015 by OctaStaff in SEC 13G & 13D Filings Horton Capital Partners New Position in Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW) Horton Capital Partners has filled a SC 13G form regarding Arts Way Manufacturing Co Inc 5.48 +0.05 0.92%. Per Horton Capital Partners’s filing, the filler now owns 5.01% of the Industrials-company, holding 203,258 shares. Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW) is a newly disclosed equity position and the filing was required due to activity on May 5, 2015. This most probably shows Horton Capital Partners’s confidence and optimism in the future of the company. Arts Way Manufacturing Co Inc Hedge Funds Ownership Latest SEC filings show 8 hedge funds and institutional investors own Arts Way Manufacturing Co Inc. The institutional ownership of the company in Q4 2014 is very low, at 1.25% of the shares outstanding. They decreased by 42150 the total shares they hold. As of that quarter these institutional investors owned 50648 shares. A total of 2 funds opened new positions in Arts Way Manufacturing Co Inc and 3 increased their holdings. There were 2 funds that closed their positions and 0 that reduced them. Seamans Capital Management Llc is the most positive institutional investor on Arts Way Manufacturing Co Inc, with ownership of 2000 shares as of Q4 2014 for 0.02% of the fund’s portfolio. Asset Advisors Corp is another positive player owning 5000 shares of the company or 0.01% of their stocks portfolio. NY Shufro Rose & Co Llc have 0.01% of their stock portfolio invested in the stock for 14575. Further, Dimensional Fund Advisors Lp disclosed it had purchased a stake worth less than 0.01% of the fund’s stock portfolio in the company. The A6 Manufacturers Life Insurance Company The was also a notable investor in the firm, owning 1171 shares. Arts Way Manufacturing Co Inc is less than 0.01% of the fund’s stock portfolio. Company Profile Art’s-Way Manufacturing Co., Inc. is a company engaged in farm equipment manufacturing. The Company manufactures agricultural equipment, specialized modular science buildings, pressurized steel vessels, and steel cutting tools. The major products of the Company are portable grinder mixers, augers, spreaders, manure spreaders, reels line, snow blowers, pressurized vessels, modular building, hay and forage, tillage and harvesting equipment and various tools. The agricultural products segment manufactures and distributes farm equipment under its own and private labels. The pressurized vessels segment manufactures pressure vessels. The modular building segment manufactures modular buildings for various uses, commonly animal containment and research laboratories and the tools segment manufactures standard single point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools. Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers. Read more: octafinance.com