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Lot of water has gone under the bridge
AERT: Cash merger; AERT acquired by Oldcastle Architectural, Inc., a private entity; for every 1 share of AERT shareholders have the right to receive $0.135936 in cash
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
AERT is being acquired for .1359 per share, pending the acquisition goes thru.
It would be nice if we got shares of CRH! Oh well...
Just for chits and giggles I went back and looked and found my first trade in AERT .... It was in 2006 bwahahaaaa!!
Bought at 1.95 Sold ... 3 days later at 2.21 (At least I made a profit on the first one)
Gone are the dollar days
Geeeezus .... can't believe it's been about 11 years
Holy Crapp !!!
Anyone buying prior to the dilution that pushed the prices down to the .10 cent level just lossed the rest of their ask!!!
Especially if you bought in 2006 at the 2.00 level hoping for a good solid "longterm" "INVESTMENT"
Pfffffffffff
So this is how it ends ... the saga of AERT
I first posted here I think in 2007-8 .... continued to watch the stock .... my last post was in 2012 ....so been watching for last 5 years wondering what would become of this company
Family owned basically .... Mother was the family matriarch yielding a heavy stick
Once they did the financing a few years ago and diluted shareholders it was basically over but since they did produce revenue I thought maybe something good could happen but alas.... Buy out for .13+ a share ...not much too holler about
If you picked up shares at .06-.07 in the last few years you would have gains but not worth the wait imo
I did notice in yesterdays trading though there were 90,000 shares available at 12+ a share
I did a little math and if you had bought those 90,000 for 11K you could have made a little money on them ....between 800 - 1,000.00 but have to wait for the buy out ....Easy money though for someone who doesn't mind tying up 11K for a period of time until this deal closes and you got paid
FYI .... All the work in the IBOX was done by me years ago ......I think my name at the time then was stockdummy10
Always hoped for more from this company ,especially when they got started in the plastic recycling business
RIP Aert ..... the only thing in life that remains the same is change
The company never could seem to get out of its own way .... and the Fires the fires!!!!! LOL!
Maybe I should buy CRH now just so I can stay in the AERT mix?
These guys will own it now ..,lock ...stock and barrel ....
http://www.marketwatch.com/investing/stock/crh
That's the info I gathered as well. Thought we would see more volume today since they announced better earnings and the merger. I guess the name isn't out there yet
According to the press release, they are a subsidiary of CRH PLC (CRH)
Anybody know what the revenue and earnings are for Oldcastle?
Should jump up today
More news now, Rev news...
AERT Announces 2016 Year End Results
SPRINGDALE, AR / ACCESSWIRE / March 17, 2017 / Advanced Environmental Recycling Technologies, Inc. (OTCQB:AERT) announced today that net sales for the year ended December 31, 2016 were $85.3 million, up 3.2% from $82.7 million for the previous year. Net sales for the fourth quarter of 2016 were $18.7 million, up $1.6 million or 9.4% from $17.1 million in the fourth quarter of 2015.
Check out this news for AERT this morning, Merger and 10-k out....
http://www.otcmarkets.com/stock/AERT/news
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11938298
Bullish signals
As I may have said before, iHub needs a thumbs up,"like" button for posts. AERT to me is like a long ago love that got away. Still look in on her progress.
Wonder what's up here? Been watching from .065 to now .10 missed it all. Great call. Great company!
And what are you basing that on?
Anybody out there still following AERT?
Just received a flyer from LOWES featuring 10% Off of ChoiceDek composite decking, components such as rails/bannisters along with wording "all-in-stock." Previously, for years, the local store had a few items and a catalog and 800 # to ask questions of a traveling company rep and then place orders. At that time I did not inquire how long it would take to get an order, freight charges, etc.
AERT 0.17 Up 0.03(19.63%) - It's rocking and rolling.
I'm out with my 5¢ profit.
I put the money into ROX.
no volume ... no interest.
If it falls back to 10¢ I'll be buying before you.
The fires hurt them but they recovered quickly.
If this falls back to .07 I will buy some again, as a trade.
Advanced Environmental Recycling Technologies' CEO Discusses Q2 2013 Results - Earnings Call Transcript
Aug 11 2013, 00:53
Too bad no one was there to ask about new customers.
Executives
Joe Brooks – Chairman and CEO
Tim Morrison – President
Brian Hanna – CFO
Advanced Environmental Recycling Technologies, Inc. (AERT.OB) Q2 2013 Earnings Call August 8, 2013 2:00 PM ET
Operator
Good afternoon, ladies and gentlemen and welcome to the Advanced Environmental Recycling Technologies Conference Call to discuss AERT’s recently filed 2013 second quarter 10-Q report.
Joining us from AERT is Joe Brooks, Chairman and CEO. Also on the call is Tim Morrison, Company’s President; and Brian Hanna, Chief Financial officer. Mr. Brooks will analyze results from the past year as well as discuss the outlook for the year going forward.
Before we get started, let me read a brief note concerning forward-looking statements within this conference call. Certain statements in this discussion regarding projected results of operations or projected results of financial plans or future strategies and initiatives including, but not limited to projections of revenue, projections of profitability, any and all future expectations, and plans for future activities may and should be regarded as forward-looking statements within the meaning of the Securities Litigation Reform Act.
These statements involve among other things known and unknown risks, uncertainties, and other factors that may cause AERT Inc.’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. AERT currently is considering, but may or may not in the future implement any or all of the items and initiatives discussed today due to, among other things, known and unknown risks, uncertainties, and other factors.
AERT Inc. undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above mentioned listing of risks and uncertainties is not inclusive.
For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT Inc., see AERT Incorporated’s filings with the Securities and Exchange Commission including its Annual Report on Form 10-K for the fiscal year ended December 31, 2012. We’ll begin the discussion with opening comments from CEO Joe Brooks. We’ll then open up the discussion for questions from our audience. Mr. Brooks, please begin.
Joe Brooks - Chairman and CEO
Thank you and good afternoon. We will once again start with turning it over to Brian Hanna, our Chief Financial Officer for a review of the quarter and the financials. Brian?
Brian Hanna - CFO
Thanks, Joe, good afternoon. Earlier this week we filed our 10-Q for the quarter-ended June 30, 2013 and our remarks are qualified by the complete financial statements, footnotes, and risk factors in our 10-K and other SEC filings.
Our sales for the second quarter of 2013 increased 2.5% from $23.6 million in 2012 to $24.1 million. The growth reflects the continuing improvements in the economy. 2013 first half sales were 42.9 million or 5.4% off from the first six months of 2012. A strong 2012 fourth quarter Winter Buy program depressed first quarter MoistureShield sales.
Our gross margin improved in the second quarter of this year to 25.3% of sales from 24.3% last year. The first half gross margin was 25.4% versus 20.7% six months ended June 30, 2012. The margin increase resulted primarily from plant efficiencies together with some raw material cost reductions.
Selling and administrative costs were down 0.4 million for the quarter and down 0.3 million for the first half. Lower employee costs and reduced professional fees contributed to this reduction. Operating income for the second quarter of 3.1 million was 0.8 million increase over that of three months ended June 30, 2012. For the first half of this year, operating income grew by 1.8 million to 4.8 million from 3 million last year.
The second quarter’s net income was a 0.8 million improvement over 2012 while the net income for the first six months of this year of 2.7 million was 1.8 million increase over the first half of 2012. At June 30 of this year, the company had a 1.2 million cash balance and no borrowing on a $8 million asset-based loan with AloStar.
If you have any questions after the call, you can reach our investor relations line at 479-203-5084, you can also visit us on the web at aert.com. Back to you, Joe. Thank you.
Joe Brooks - Chairman and CEO
Thank you, Brian. At this time, I’d like to turn things over to Tim Morrison. Tim?
Tim Morrison - President
Thank you, Joe. The second quarter results were consistent with overall economic conditions and our expectations. Sales for the second quarter grew 2.5% over 2012. While the strong 2012 Winter Buy mostly impacted this year’s first quarter sales, it had some impact on our second quarter. Quarterly the trends improved largely as plant efficiencies, raw material cost reductions and more efficient SG&A spending continued in the second quarter. This contributed to a 36% improvement to operating income for the quarter and a 68% increase in net income. [On the percentage], we have to adjust change on a regular basis.
During the second quarter, our ChoiceDek distributor announced their intent to exit most of the market west of Denver. Lowe’s (inaudible) to develop a variety of options investing over that exit and we are confident we are implementing that solution that will serve our customers well. We anticipate the changeover will be relative things to our customers.
Let me now take a moment to discuss the accidents at our Springdale North at Lowell facility. We are deeply sad that Springdale accident resulted in the death of one of our associates and the two of our other associates sustained injuries. Our thoughts and prayers remain with those involved and their friends. Safety of our employees, facilities and neighbors is of the utmost importance at AERT. That’s why we are working closely with outside agencies as they review this accident to determine the real causes. The company and the Board of Directors have retained independent nationally recognized experts to review and advise on our processes and procedures. We will return the plant to full operation next week.
Thank you, Joe.
Joe Brooks - Chairman and CEO
Thank you, Tim. The period ended June 30, the second quarter saw a lot of progress moving forward with AERT, especially in regard to innovation. And we are pleased that our customers and others are starting to take note of some of those accomplishments. A highlight of the quarter was the Wal-Mart Sam’s Club Sustainability Award presented to company associates in May.
AERT has recycled substantial amounts of warehouse and packaging films for over a decade and was invited to participate at the 2013 event held at the Hammons Center in Rogers. AERT demonstrated the future of recycling and sustainable plastics with displays inside the convention center and in the parking lot during the multi-day event.
One of the first products to hit the market is the construction barrier film sniper block made with recycled packaging films and manufactured by Raven Industries. As construction revives and cement slabs and walkways come back, this green barrier film has a bright sustainable future and we perhaps have been involved and provided materials for its development.
Composite building materials were also displayed and additional projects are underway in commercial and consumer items from [truck] flaps to construction liner and boards to consumer items such as dog and cat pet features. And then a line about door furniture is also under development for introduction next year.
The AERT Watts facility is nearing completion of installation of additional front-end pre-cleaning equipment as well as additional box storage and blending capacity. This is a unique opportunity for AERT to dig further into the plastic waste training by further commercializing low-end plastic compounds for internal and external sales of recycled resins as well as formulated compounds for other vendor partners. As vendor sustainability audits continue to increase in the future, this will be a timely addition to our business in coming months, currently targeted for October 2013.
As has been noted in much of the trade media, China has restricted imports of many plastic materials. So we look forward to our expanded investment in plastic recycling infrastructure providing growth opportunities in future quarters. So in addition to increased plastic recycling products and opportunities, AERT will continue to focus on innovation as we introduce the regeneration of decking products, allowing the company to shift more away from traditional role as a seasonal products company.
We remain confident that these changes coupled with an ever improving economy will position AERT for a bright future and as a global leader in sustainability. Although the company was underway in efforts to better improve safety and environment of our Springdale plant, as Tim mentioned, we recently experienced the horrible accident. Our hearts and prayers remain focused on those involved and their families.
A silo rupture at the company’s Lowell, Arkansas facility also occurred approximately one week later. The two incidents are unrelated and we are working closely with our insurance carriers, investigators and authorities to determine the cause of these incidents. We have and always will continue to remain committed to the safety of our associates, neighbors and customers.
With that, I will open the floor up for customers and questions.
Question-and-Answer Session
Operator
(Operator Instructions) At this time I am not showing any questions from the phone lines.
Joe Brooks - Chairman and CEO
Okay. Thank you. As Brian mentioned, we are available to contact our investor relations line if anyone has questions or comments. I would now like to give an update in regard to our recent board reorganization and some updated changes coming here at AERT in addition to some new management members joining. I would like to a read statement here and we will be filing an 8-K later today.
25 years ago, in 1998 a small group of family members and close associates started AERT focused on advancing state-of-the-art reclamation of plastic scrap and related manufacturing processes. So AERT has been [doing] since its inception. AERT has gone from an idea to at one point generating sales over $100 annually. Along the way the ChoiceDek and MoistureShield brands were built around durable long-lasting composite decking products and accessories.
Longstanding customer relationships have been built with many of the premier builders, distributors and companies in North America and around the world. For these we are thankful and we appreciate these longstanding relationships that have endured. As everyone knows, in 2008 things got very rough and continued for several years. The combination of the depression in home building combined with satisfying customer obligations involving class-action allegations were an extreme handicap on AERT.
In 2011, AERT was joining its efforts to buy H.I.G. Capital, which re-capitalized the company and has provided much needed capital and operational support. Since that time AERT has strengthened and attempted to diversify its product mix, especially in regard to recycled plastics.
So for 25 years we’ve worked hard to move AERT forward through both good times and bad. We’ve also strived to build a top-notch management team along the way. I first met Tim Morrison in October 2007 in Dallas. Tim was recruited to join AERT as its resident and came on board in March of 2008. At that time, our intent was to bring Tim on board and ultimately succeed me as CEO. It started off rough as his first day on the job was when AERT was served with legal papers and notice of the class action lawsuit in regard to ChoiceDek. Since that time, Tim and his family have moved to Northwest Arkansas and reside in Rogers.
Brian Hanna joined the company as CFO in November 2008 and brought a wealth of experience to AERT. Brian and his family reside in [Bethany]. Tim and Brian have both invaluable members of the AERT management team and has been focused on streamlining and improving operations. At the recent of Board of Directors meeting, Tim was elected as CEO of AERT. In addition, [Randy Godlove] has also joined the AERT team to further strengthen the company in the role of president. Randy joins Richard Shields who also recently joined AERT in April as the head of manufacturing operations.
I will remain as Chairman of the Board and founder and focus on assisting these gentlemen on innovation, new products and sustainability. In particular, I want to see the Watts plastic recycling and reformulation project up to its full potential over the next year and the recycled plastic segment take off and achieve commercial sustainable and profitable viability.
Looking forward today AERT is on strong ground and poised for a strong sustained growth in multiple sectors as the US economy recovers and home building comes back to life. A fresh management team brings positive change and with most of the past challenges behind at AERT the new relationships emerging will provide a big dose of innovation to boost AERT into 2014 and beyond. Please join me in welcoming these men into the exciting roles for AERT. So Tim, congratulations and good luck. With that – again if you have any questions feel free to contact us. Thank you.
Operator
Ladies and gentlemen thank you for participating in today’s conference. This does conclude today’s program. You may all disconnect. Everyone have a wonderful day.
One plant is operating. One plant is shut down.
Earnings will be released on Wednesday and the Investor Call is scheduled for Thursday. They will address the fire follow-up on the call.
I am unsure how previous accidents effected operations, but it was good they PR'ed it immediately.
If I have time on Monday I intend to call the company. Maybe they will be forthcoming and tell me if operations have been curtailed or not.
I wish they proactively PR'ed that info.
No, I know nothing. A famous line.
I did look closely on Google Earth and saw a few tall silos at both Springdale and Lowell(a short distance apart). So, if confined to one of the silo areas it wouldn't seem devastating to me, BUT one man died. There might be trouble restarting the operation.
Disclosure.. I do not now own shares nor do I have an axe to grind. I have been following the company for years and do have a small porch of the product from materials bought at Lowe's. A satisfied customer and wish I had the bucks available for a several hundred foot 6ft high fence.
That's freaking amazing.
Have you seen anything regarding whether or not the company is shut down as a result of the fire or is production still happening?
Apparently the 7/25 fire potential was known about and had been smoldering for a long time.
http://www.arkansasonline.com/news/2013/jul/27/fire-burns-1-month-lowell-recycling-company/
Crazy.
It actually may be a buying opportunity.
Another fire today at AERT. Saw it on the news. Looked worse than the last one.
Seems like every day the stock trades down from the opening and wants to go further down but there aren't any sellers. Then at the end of the day it always ends up a little.
Seems like every day the stock trades down from the opening and wants to go further down but there aren't any sellers. Then at the end of the day it always ends up a little.
Next Earnings Announcement 08/09/2013
It should be interesting to see if they make in-roads selling through an increasing number of retailers.
Downward drift? I will be surprised to see support remain in the 20¢ range with very little volume.
They need some real sales growth to gain wider attention.
Go to the AERT website http://www.aertinc.com/
Click the link to listen to the call.
Nothing more than the written report.
No listener questions.
As housing continues to improve, AERT should too.
Wait and see. Right now I am glad I bought at 8¢ and again at 10¢. If it slides back near there before the next earnings numbers, I'll buy more.
Isn't there a CC today?? Anyone hear anything??
it is mystifying to see such things as a 40,000 share trade at .20 today when the ask was at .235. That same buyer may have been filling tye later .24 trades. It's sadly how the game is played.
BTW..I like my 1st look at the annual.
Disclosure..I have no skin in the game. Watch closely but haven't owned for several years. Love the products
What do you think about the results??
At least no .07, 8 and 9s like back in January.
Selling I was waiting for is little late but it's here, don't know what to make of it. Nice support at .20 is all I can say..
Tis a shame to have to accept the fact you are growing old and practicality may have to win out over fantasy.
We are in our late 70s. I have been enamored with AERT fencing products for over 7 years while watching a now over 30 year old, 6 foot high cedar 1x12" board fence, almost 300 feet long, slowly deteriorate.
I'm at the stage of life where my objecting wife cutting me off for spending multi-thousands on a fence isn't a factor, but I am afraid of being thrown out into the cold.
Was waiting for a sell off before the CC on Monday..lots of decks were ruined by Sandy, hoping that brought in a lot of business..
They show 3 or 4 products on their FAQ to revitalize it. Have you seen weathered cedar or redwood after a couple of untreated years? Or even the black fiberglass/or vinyl bumpers on cars? The color isn't gone/faded just needs nourished a bit. Actually I've got a small porch with rail and steps of it about 5 years old that needs fed and I'm going to put "Spray & Forget" on it as found a couple of local dealers. gltu
http://www.sprayandforget.com/faq.asp
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Note: Click on most everything for more information
Advanced Environmental Recycling Technologies, Inc.
Since 1989, AERT has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation innovation, receiving the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking.
AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of Weyerhaeuser ChoiceDek® decking, which is available in multiple colors and is sold in all Lowe's Home Improvement stores.See www.choicedek.com for more information.
AERT's MoistureShield® decking program is expanding and products are available in many parts of the U.S. now, with national distribution planned for 2008.See www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale and Lowell Arkansas; Junction, Texas.
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INVESTORS
NASDAQ
YAHOO
MOST RECENT Earnings Call
SEC FILINGS
YEAR CLASS A COMMON OUTSTANDING
1995 14,062,370
1996 16,192,866
1997 19,201,148
1998 20,430,147
1999 22,245,639
2000 24,251,497
2001 25,755,321
2002 27,194,374
2003 28,331,312
2004 29,500,147
2005 32,766,400
2006 38,137,812
2007 44,812,956
2008 46,314,250
2009 47,423,680
2010 48,777,896
AERT/H.I.G. Capital Join Forces
H.I.G. Provides Financial Assistance and Acquires Majority Stake to Positively Restructure and Strengthen Company
2011 88,165,632 Class B - 1,465,530
CURRENT
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REG SHO THRESHOLD LIST
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Dec 9, 2010
"AERT, NanoMech to Initiate Commercialization of Nanotech-Based Products Collaborative Effort Marks New Advancement in Eco-Friendly Composite Construction Materials"
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AERT ANNUAL SHAREHOLDER MEETING PHOTOS JUNE 2ND ,2009 32 PHOTOS
Products Applications
Facilities
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CHOICEDEK
Only ChoiceDek® takes advantage of a patented process that utilizes recycled wood fiber encapsulated in recycled polyethylene. This combination creates the ultimate decking material. It will withstand the most demanding exposure to the elements, does not require sealing, staining or treating, and is easy to clean.
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TOOLS TO DESIGN AND BUILD YOUR DECK
DeckVision Design Tool
LOWES
MOISTURESHIELD
MoistureShield® Decking is the modern solution to building or replacing your deck. Unlike traditional wooden decking, it does not need staining, painting or sealing to maintain its natural beauty*. The deep wood grain texture has the appearance and texture of real wood. Most importantly, MoistureShield® Decking is created to endure the most severe environmental conditions and is backed by a limited lifetime warranty.
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AERT TV COMMERCIAL NOTE:When you click this link,GO TO "the WORK" then "television" then click on # 11
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LifeCycle EcoShield Deck Tiles from A.E.R.T.
VIDEOS >>>
BOB VILA
ARTICLES OF INTEREST >>>
Useful Deck Information
Everything You Want To Know About ChoiceDek And MoistureShield Composite Deck Products
MoistureShield vs ChoiceDek vs TimberTech Composite Decks
Wood-Filled Composites Jump off the Deck
Home Builders Go 'Green' To Seek New Selling Point
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Some of AERT PARTNERS AND/OR DISTRIBUTORS >>>
06/02/2009 11/02/2010
Oct. 28, 2010 BlueLinx Expands Ultra Low Maintenance Outdoor Living Category
LOWES
WOLF DISTRIBUTING COMPANY
HOOD DISTRIBUTION
LUMBERMAN'S INC.
MEREDITH & SONS LUMBER
ECO-$MART
SNAVELY FOREST PRODUCTS
THE MAXC LLC
3D Benchmark Builders, Inc.
THERMA-TRU CORPORATION
COASTAL PRODUCTS PLUS
"AERT MESSAGE BOARDS"
THE LION
INVESTORVILLAGE
YAHOO
HotStockMarket
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MOLD BLOG CONTROVERSY
CHOICEDEK CLASS ACTION SETTLEMENT
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WATTS OKLAHOMA PLANT
AERT Breaks Ground on Oklahoma Plastics Recycling Plant
Photo Release -- AERT Commences Construction On New Watts, Oklahoma Plastic Recycling Facility
Monday September 22, 2008 8:00 am
FRIDAY FEBRUARY 26TH,2010
AERT Commences Operation of Green Age Recycling Facility in Watts, Oklahoma
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CLICK ON CHART TO CHANGE PARAMETERS
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" What is important is seldom urgent and what is urgent is seldom important " - Dwight D. Eisenhower.
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Not offers to buy or sell securities;For INFORMATIONAL purposes only;Prior to purchasing or selling a stock ;Perform or Execute DUE DILIGENCE;The care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction.
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