ARM Holdings Plc (ARM)

[ScovilleUnits]

Yeppers, nice day anyway, aye?

[playmoney2]

Looks like ARM is pinching. Going to break out from here, with great news from autoindustry of better than expected demand out of europe. IMHO

[andy e]

What a turd this turned out to be!!!!

[ScovilleUnits]

Can ARM pinch?

Anytime soon?
(good pinch boards …#board-10585 & #board-9737)



Onward Thru The Fog!

Scov

[Stock Amo]

Meritor Suspension Systems Company to Close Coil Spring Operations in Milton, Ontario, Canada

MILTON, Canada, March 5, 2009 /PRNewswire via COMTEX/ -- Meritor Suspension Systems Company (MSSC), a joint venture between ArvinMeritor, Inc. (NYSE: ARM) and Mitsubishi Steel Manufacturing, announced today that it plans to close its coil spring operations in Milton, Ontario, Canada. The company met with union officials of the Canadian Auto Workers Local 1067 today to discuss the closure plans which will impact all 165 employees.

"We are experiencing unprecedented economic pressure within the global automotive industry," said Gerald Anderson, president and general manager, MSSC. "This closure reflects actions we are taking to reduce fixed costs in response to significantly lower vehicle production volumes."

The company is currently evaluating the transfer of this business to other MSSC facilities in North America. The phased closure is anticipated to be complete by the end of 2009.

About MSSC

MSSC is a joint venture between ArvinMeritor and partner Mitsubishi Steel Mfg. Co., Ltd. The joint venture, formed in 1986, produces steel torsion and stabilizer bars and coil springs for the North American passenger car and light truck markets. MSSC has two other manufacturing plants located in Chatham, Ontario, Canada and Hopkinsville, Ky., in the United States. ArvinMeritor owns 57% of the joint venture.

About ArvinMeritor

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO)

SOURCE ArvinMeritor, Inc.

URL: http://www.arvinmeritor.com

[Stock Amo]

Would be great if the new contracts are enough to allow us to form a solid base at .51 and higher. Sliding sideways until it is determined whether they will yield profits is better then the previous downward trend.
For short term players .55 is close to the recent bottom of .51 with a short term gain to .73

[Dino1717]

I like these odds... 2 out of 3

ArvinMeritor Selected as Drivetrain Technology Partner on Two OEM Vehicle Platforms for Major Defense Program
Thursday February 26, 2009, 9:20 am EST
Yahoo! Buzz Print Related:ArvinMeritor Inc.
TROY, Mich., Feb. 26 /PRNewswire-FirstCall/ --ArvinMeritor, Inc. (NYSE: ARM - News) today announced it will be the drivetrain supplier for two of the three prime contractors awarded technology demonstrator contracts for the Joint Light Tactical Vehicle (JLTV) - Lockheed Martin Systems Integration and BAE Systems U.S. Combat Systems.

Related Quotes
Symbol Price Change
ARM 0.67 +0.08


{"s" : "arm","k" : "c10,l10,p20,t10","o" : "","j" : ""} ArvinMeritor has developed advanced technology solutions for the JLTV program that include the Meritor lightweight, high mobility independent suspensions, an integrated all-wheel drive system, a central tire inflation system, semi-active damping, and MeritorWABCO hydraulic braking systems with electronic stability control. With a contract volume valued at approximately $20 billion, the JLTV is the largest military vehicle program expected in the next two decades.

"ArvinMeritor is highly committed to this important effort and intends to make a significant investment in engineering and prototype development to support the JLTV program," said Carsten Reinhardt, president of ArvinMeritor's Commercial Vehicle Systems business. "Our unique capability in developing specialized drivetrain solutions makes ArvinMeritor the right partner to deliver the technology required for this highly advanced, next generation vehicle platform."

ArvinMeritor began working on new products and technologies for the JLTV program in 2006, participating in the Nevada Automotive Test Centers (NATC) Combat Tactical Vehicle Technical Demonstrator program. In that competition, the NATC conducted detailed industry trade studies to assemble a team to build the demonstrator. ArvinMeritor was selected over several competitors to provide a high-wheel travel independent suspension drive axle, pneumatic brake system and electronic stability control.

The JLTV is a joint Army and Marine Corps program being developed to replace the U.S. military's aging fleet of light tactical vehicles. With the technology development contracts, the winning teams take another step forward in the competition. This phase of the program will last for 27 months. At the conclusion of the Technology Demonstration phase, the Army is expected to select two firms for the next phase of the competition, Engineering Manufacturing and Development, before choosing a winner as early as fiscal year 2013 for a production contract.

More than half a century ago, ArvinMeritor began supplying drivetrain components for military fleets. Today, the company provides global systems solutions for a complete range of lightweight to heavyweight tactical wheeled vehicles, armored personnel carriers and wheeled combat vehicles for all types of terrains.

About BAE Systems

BAE Systems is the premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 100,000 employees worldwide, BAE Systems' sales exceeded 15.7 billion pounds Sterling (US $31.4 billion) in 2007.

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

[Stock Amo]

Form4 Yesterday
ROTHMEIER STEVEN G
ARVINMERITOR, INC.
2135 WEST MAPLE ROAD
TROY, MI 48084-7186

2/20/2009 67300 Acquired at $.5919
2/19/2009 32700 Acquired at $.69

http://pinksheets.com/edgar/GetFilingHtml?FilingID=6431521

[ScovilleUnits]

Significant up shift in volume last Friday, 20th …

Date	Open	High	Low	Close	Volume	 
 23-Feb-09	0.55	0.58	0.52	0.55	2,025,900	 
 20-Feb-09	0.63	0.64	0.51	0.51	12,342,600 
 19-Feb-09	    0.65	0.72	0.63	0.65	1,652,900	 
 18-Feb-09	0.77	0.8	0.58	0.63	1,342,600	 
 17-Feb-09	0.87	0.91	0.73	0.74	1,571,700	 
 13-Feb-09	1.02	1.07	0.85	0.91	1,170,700	 
 12-Feb-09	1.16	1.18	1.01	1.02	1,098,100	 
 11-Feb-09	1.39	1.39	1.16	1.18	907,200	 
 10-Feb-09	1.61	1.65	1.25	1.28	1,689,700	 
 9-Feb-09	1.44	1.72	1.25	1.6	2,945,000	 
 6-Feb-09	1.24	1.52	1.22	1.31	2,352,800	 
 5-Feb-09	1.42	1.49	1.11	1.22	1,447,200	 
 4-Feb-09	2.04	2.04	1.39	1.41	1,456,300	 
 3-Feb-09	1.96	1.96	1.8	1.81	564,900	 
 2-Feb-09	1.74	1.98	1.68	1.88	2,309,600	

[Dino1717]

You are correct redzone....

Patience is required here.

ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com/.

[redzone]

I believe ARM is into more than automotive and has some diversification to weather the storm.

[samplescave]

This looks interesting~

[ScovilleUnits]

Not in any specifics.

A short look about indicates it’s structure was originally intended for small companies intending to pay all debts and full recovery within a short period of time…3-year max. Thanks for the article.

http://www.wisegeek.com/what-is-chapter-10.htm

The Chapter 10 form of bankruptcy is a relatively recent addition to the types of financial protection that a company may seek from the court system. As part of the US Bankruptcy code, the Chapter 10 allows a small company with financial problems to request court protection while a workable plan is prepared to help the corporation continue to operate and move past the current financial burden. There are some restrictions on the type of business that may apply for Chapter Ten protection, along with well-defined procedures that must be followed in order to satisfy the needs of the court.

In order to qualify for protection under a Chapter 10, a company must present full disclosure of current financial conditions to the court for review. Along with working in cooperation with the courts, the company must also be willing to develop a debt reorganization plan that will allow for the orderly retirement of the current outstanding debt. If the court finds that the company meets the qualifications for a Chapter 10 and that the reorganization plan is workable, the court will grant the protection and a appoint a manager for the plan. The court-appointed manager will serve as an ongoing liaison between the court of jurisdiction and the Debtor Company.

One important point to keep in mind is that the provisions of Chapter 10 protection are geared more toward aiding small businesses rather than huge corporations. To this end, there are limitations on the amount of debt that can be included under the auspices of a Chapter 10 reorganization plan. Generally, the accumulated debt may not be more than $2,500,000.00 in United States dollars. In addition, the plan for reorganization will call for the schedule of payments received by the court to not exceed a period of three years. In the event that the company owes more money or will require a reorganization plan with a duration that exceeds three years, other forms of bankruptcy should be explored.

[Dino1717]

Anyone ever hear of Chapter 10?

Auto bankruptcy changes offered
2 experts propose 'Chapter 10' to minimize damage
BY JUSTIN HYDE • FREE PRESS WASHINGTON STAFF • February 20, 2009

WASHINGTON -- It's not the kind of new chapter in the history of General Motors Corp. and Chrysler LLC that executives have in mind, but two bankruptcy experts unveiled a plan Thursday for a "Chapter 10" bankruptcy tailor-made for automakers.



While it's just an idea, at least one prominent member of Congress, Rep. Barney Frank, D-Mass., has raised the possibility of changing federal law to allow automakers into bankruptcy while minimizing the damage to the rest of the economy.

"Chapter 11 for a 'too big to fail' company, such as a Big Three automaker, could be disastrous for the country," said George Kuney, a law professor at the University of Tennessee College of Law, and San Francisco bankruptcy attorney Michael St. James, in a paper for the American Bankruptcy Institute Journal.

Their so-called Chapter 10 plan would allow bankrupt automakers to keep paying suppliers for a regular flow of parts. Under current law, an automaker that filed for Chapter 11 would stop paying many bills for months or years, and suppliers have to compete with other creditors for repayment.

"By arbitrarily and unnecessarily putting all accounts payable on hold for months or years -- a mandatory aspect of existing Chapter 11 law -- the bankruptcy filing of one large company would likely result in cascading business failures among its vendors, and the vendors of its vendors," Kuney and St. James wrote.

Their proposal would keep regular payments to employees out of court while leaving other parts of the bankruptcy code unchanged, allowing the automakers to force new contracts with bondholders, dealers, suppliers and unions.

Automakers and several experts have warned that should GM or Chrysler declare bankruptcy, it could trigger a domino effect that would threaten much of the domestic industry, including foreign-owned plants in the United States.

GM and Chrysler told the Obama administration Tuesday that bankruptcy could cost up to $100 billion for GM and $24 billion for Chrysler, money that only the U.S. government could provide. Without it, each said it would have to liquidate.

That has not stopped many outside analysts from suggesting bankruptcy as the right choice, even with the drawbacks including up to 3 million lost jobs. The debate prompted Frank, the chairman of the House Financial Services Committee, to tell a witness during last year's hearings on the auto industry that the problems posed by bankruptcy were not cast in stone.

"You are now before the body that wrote Chapter 11," he said, "and it can rewrite Chapter 11."

[ScovilleUnits]

You raise a good question imho…

http://www.knobias.com/story.htm?eid=3.1.8057177832ed0cd38df4fa45abe02bba2e53831028018331e4a28e02be755ec7

Standard & Poor's Announces Changes to U.S. Indices

Friday , February 13, 2009 18:59ET

NEW YORK, Feb. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

-- Diamond Offshore Drilling Inc. (NYSE: DO) will replace Weatherford
International Ltd. (NYSE: WFT) in the S&P 500 on a date to be
announced. Weatherford is in the process of redomesticating to
Switzerland, rendering it ineligible for continued inclusion in the
S&P 500.

-- S&P SmallCap 600 constituent Panera Bread Co. (Nasdaq: PNRA) will
replace ArvinMeritor Inc. (NYSE: ARM) in the S&P MidCap 400, and
CommVault Systems Inc. (Nasdaq: CVLT) will replace Panera Bread in the
S&P SmallCap 600 after the close of trading on Friday, February 20.
As of today's close, ArvinMeritor had a market capitalization below
$75 million, ranking it 400th in the index.

-- Iowa Telecommunications Services Inc. (NYSE: IWA) will replace
BankAtlantic Bancorp Inc. (NYSE: BBX), and Almost Family Inc. (Nasdaq:
AFAM) will replace Basset Furniture Industries Inc. (Nasdaq: BSET) in
the S&P SmallCap 600 after the close of trading on Friday, February
20. As of today's close, BankAtlantic and Bassett Furniture had
market capitalizations of approximately $18 million and $21 million
respectively, ranking them 600th and 599th in the index.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Diamond Offshore provides contract drilling services to the energy industry, and is also engaged in deepwater drilling. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Drilling Sub-Industry index.

Panera Bread operates retail bakery-cafes. Headquartered in Richmond Heights, MO, the company will be added to the S&P MidCap 400 GICS Restaurants Sub-Industry index.

CommVault Systems is a provider of data management software applications and related services. Headquartered in Oceanport, NJ, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.

Iowa Telecommunications Services is a provider of wireline local exchange telecommunications services to residential and business customers in rural Iowa. Headquartered in Newton, IA, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.

Almost Family is a provider of home health services. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.

Following is a summary of the changes:


S&P 500 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Diamond Offshore Energy Oil & Gas Drilling
DELETED Weatherford Energy Oil & Gas Equipment
International & Services


S&P MIDCAP 400 INDEX - February 20, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Panera Bread Consumer Discretionary Restaurants
DELETED ArvinMeritor Consumer Discretionary Auto Parts &
Equipment


S&P SMALLCAP 600 INDEX - February 20, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CommVault Systems Information Technology Systems Software
Iowa Telecommunication Integrated
Telecommunications Services Telecommunication
Services
Almost Family Health Care Health Care Services
DELETED Panera Bread Consumer Discretionary Restaurants
BankAtlantic Financials Thrifts & Mortgage
Bancorp Finance
Bassett Consumer Discretionary Home Furnishings
Furniture

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

SOURCE Standard & Poor's

[Dino1717]

Can anyone answer this?

Is part of the reason for the large volume of 12,342,595 shares traded today because all of ARM shares had to be out of the S&P by todays close Feb. 20th.?


NEW YORK, Feb. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices

S&P SmallCap 600 constituent Panera Bread Co. (Nasdaq: PNRA - News) will replace ArvinMeritor Inc. (NYSE: ARM - News) in the S&P MidCap 400, and CommVault Systems Inc. (Nasdaq: CVLT - News) will replace Panera Bread in the S&P SmallCap 600 after THE CLOSE OF TRADING Friday, February 20.

[Dino1717]

Many stocks at all time or ten year lows, if I liked it at 74 cents I love it here. Bought more at .56.

Auto supplier stocks attractive to buy - analyst
Tue Feb 17, 2009 (Reuters) - Investors betting on a broad economic recovery in the second half should turn to the battered auto suppliers whose stock prices have fallen to "attractive" levels, KeyBanc Capital Markets said on Tuesday.

Auto parts suppliers could see a trough in their share prices in the first half of 2009 as lower global auto production will likely drive quarterly earnings to their lowest levels in years, forcing many companies into bankruptcy, KeyBanc analyst Brett Hoselton said in a research note.

But stepped-up restructuring efforts and a likely stabilization in auto production levels should help earnings in the sector improve beginning in the second quarter, Hoselton said.

The note came as General Motors Corp (GM.N) and Chrysler LLC prepared to submit new survival plans to U.S. officials under the terms of the $17.4 billion government bailout.

Hoselton recommended Autoliv Inc (ALV.N), ArvinMeritor Inc (ARM.N) and Tenneco Inc (TEN.N) among other supplier stocks.

Shares of U.S. auto parts suppliers have slumped over the past year, with U.S. auto sales remaining at their lowest level in decades in the face of tight credit and weak consumer confidence.

[dyna]

This company's chart looks as awful as another company we know.

[Dino1717]

Nice to see....

17-Feb-2009

Item 8.01. Other Events.
ArvinMeritor, Inc. today repaid in full at stated maturity the outstanding principal amount of approximately $77 million (together with accrued interest thereon) of its 6.8% notes due February 2009.

[Dino1717]

ArvinMeritor tremendous buying opportunity at 74 cents a share....

Auto supplier stocks attractive to buy - analyst
Tue Feb 17, 2009 (Reuters) - Investors betting on a broad economic recovery in the second half should turn to the battered auto suppliers whose stock prices have fallen to "attractive" levels, KeyBanc Capital Markets said on Tuesday.

Auto parts suppliers could see a trough in their share prices in the first half of 2009 as lower global auto production will likely drive quarterly earnings to their lowest levels in years, forcing many companies into bankruptcy, KeyBanc analyst Brett Hoselton said in a research note.

But stepped-up restructuring efforts and a likely stabilization in auto production levels should help earnings in the sector improve beginning in the second quarter, Hoselton said.

The note came as General Motors Corp (GM.N) and Chrysler LLC prepared to submit new survival plans to U.S. officials under the terms of the $17.4 billion government bailout.

Hoselton recommended Autoliv Inc (ALV.N), ArvinMeritor Inc (ARM.N) and Tenneco Inc (TEN.N) among other supplier stocks.

Shares of U.S. auto parts suppliers have slumped over the past year, with U.S. auto sales remaining at their lowest level in decades in the face of tight credit and weak consumer confidence.

The Dow Jones U.S. automobiles and parts index .DJUSAP tumbled 62 percent in 2008. (Reporting by Soyoung Kim, editing by Matthew Lewis)





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