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Arabian American Announces Third Quarter and Year-to-Date 2012 Financial ResultsFont size: A | A | A4:01 PM ET 10/30/12 | PR Newswire
Arabian American Development Co. (NYSE: ARSD) today announced financial results for the three and nine months ended September 30, 2012.
Third Quarter 2012 Highlights
Revenue for the third quarter decreased 11.8% to $54.3 million from $61.5 million in the same period last year and compared sequentially to revenues of $61.8 million reported in the second quarter of 2012.
Gross profit for the third quarter was $8.8 million with a 16.2% gross margin, compared to $9.2 million with a 15.0% gross margin in the comparable period in 2011 and compared sequentially to $8.4 million with 13.5% gross margin the second quarter of 2012.
EBITDA, a non-GAAP financial measure, for the third quarter decreased 6.6% to $6.4 million as compared to $6.8 million for the same period in 2011 and compared sequentially to $6.5 million in the second quarter of 2012.
Net income attributable to Arabian American Development Company for the third quarter was down 10.3% to $3.5 million, or $0.15 per basic and $0.14 per diluted share, compared to net income of approximately $3.9 million, or $0.16 per basic and diluted share, for the third quarter last year and compared sequentially to $3.8 million, or $0.16 per basic and $0.15 per diluted share in the second quarter of 2012.
The Company appointed Simon Upfill-Brown to the newly created position of Executive Vice President; an internationally known executive, Mr. Upfill-Brown will be responsible for the South Hampton Resources petrochemical business and expanding current opportunities both domestically and internationally.
Al Masane Al Kobra Mine (AMAK) Update
The AMAK zinc and copper mine in Saudi Arabia, which is 37% owned by Arabian American, has produced approximately 425,000 metric tons of ore to date, and is currently averaging 1,500 metric tons per day.
The AMAK mill has produced approximately 10,600 dry metric tons of copper concentrate and 13,000 dry metric tons of zinc concentrate to date.
The AMAK mill passed the production test of 54,000 metric tons of ore processed and four continuous days of 100% capacity during the month of July.
Initial shipment of copper concentrate was loaded and shipped during October, with the next shipment expected in mid-December 2012. Final signatures on two of the four additional leases in the area surrounding the AMAK mine are expected to be signed after the Eid holiday.
Third Quarter 2012 Financial Results
Revenue for the third quarter decreased 11.8% to $54.3 million from $61.5 million in the same period last year and sequentially compared to $61.8 million reported in second quarter of 2012. Petrochemical product sales represented $53.2 million, or 98.0%, of total revenue for the third quarter of 2012 and $60.1 million, or 97.6%, of total revenue, for the third quarter last year. Petrochemical product sales decreased by 11.5% in the third quarter of 2012 from the third quarter of 2011 due to an decrease in volume of 2.3% and a decrease in the average selling price of 9.4%. The Company reported $1.1 million in toll processing fees during the third quarter of 2012 compared to $1.5 million for the prior year's third quarter due to one tolling customer having raw material issues.
During the third quarter of 2012, the cost of sales and processing (including depreciation) decreased 13.0%, to $45.5 million as compared to $52.3 million in the same period in 2011 due to slightly lower volume processed and a decrease in the average feedstock cost per gallon. Average feedstock price per gallon decreased 17.0% from 2011 to 2012 while volume processed decreased 4.6%. Total gross profit on revenue for the third quarter of 2012 decreased approximately $0.4 million, or 4.9%, to $8.8 million as compared to $9.2 million in the same period in 2011 and compared sequentially to $8.4 million in the second quarter of 2012. The cost of sales and processing and gross profit for the three months ended September 30, 2012, includes no gain or loss from derivative transactions. For the same period of 2011, there was a net loss of approximately $0.4 million.
Nick Carter, President and Chief Executive Officer, commented, "We continue to execute our strategic initiatives which include continued supply of quality product and service to existing customers, expanding our geographic footprint, and pursuing and identifying appropriate opportunities for expanding our South Hampton Resources core business. We are also assisting and supporting the full scale operation of the AMAK mine which includes pursuing the surrounding lease application areas in Saudi Arabia."
Mr. Carter continued, "Year-to-date revenues were up over 25%, gross profit was up by 51% and net income attributable to Arabian American was up almost 119%. Demand for the Company's products continued to be strong in the third quarter both domestically and internationally, and our fundamentals remain solid. However, quarterly revenues decreased due to a slight decrease in volume and the continued decline in the average selling price which began in the spring and continued throughout the summer months. During the quarter, we renewed one three-year contract with an existing Middle Eastern customer and signed an additional contract with a new Middle Eastern customer on a six-month trial basis."
Mr. Carter concluded, "During the quarter the AMAK mine sold its first quantities of zinc and copper concentrate from the mill which is running currently at about 95% capacity and entering the stage of full and routine operation. The permanent facility for storing and loading concentrates at the Port of Jizan is complete and was used for the first shipment. We are extremely pleased with the performance and productivity of the mine and the entire staff that is supporting its ongoing operation."
General and Administrative costs for the third quarter of 2012 increased $0.1 million or 2.7%, to $3.1 million from $3.0 million in the same period last year primarily due primarily to increases in insurance premiums including health, worker's compensation and liability offset by a decrease in officer compensation due to reduced profit sharing distributions.
The Company reported net income attributable to Arabian American Development Company in the third quarter of 2012 of approximately $3.5 million or $0.15 per basic and $0.14 per diluted share (based on 24.1 million basic and 24.8 million diluted weighted average shares outstanding, respectively). This compares to net income attributable to Arabian American Development Company of approximately $3.9 million, or $0.16 per basic and diluted share for the third quarter of 2011 (based on 24.0 million basic and 24.5 million diluted weighted average shares outstanding, respectively) and sequentially to $3.8 million, or $0.16 per basic and $0.15 per diluted share in the second quarter of 2012 (based on 24.1 million basic and 24.8 million diluted weighted average shares outstanding, respectively).
EBITDA for the third quarter of 2012 decreased 6.6% to approximately $6.4 million compared to $6.8 million for the same period in 2011 and compared sequentially to $6.5 million in the second quarter of 2012.
YTD 2012 Financial Results
Consolidated revenue for the nine months ended September 30, 2012 increased 25.3% to $172.9 million compared to revenue of $138.0 million in the same period in 2011 primarily due to an increase in total sales volume of 32.5%. Petrochemical product sales represented $169.7 million or 98.1%, of total revenue for the nine months of 2012 compared to $134.4 million, or 97.4% of total revenue, for the same period last year. The Company generated $3.2 million in toll processing fees, down 10.0%, during the nine months ended September 30, 2012, compared with $3.6 million for the same period last year.
During the nine months ended September 30, 2012, the cost of petrochemical sales and processing (including depreciation) increased approximately $26.8 million, or 21.9%, as compared to the same period in 2011 due to an increase in volume processed of 26.9% because of higher demand and an increase of $1.8 million in realized/unrealized hedging losses offset by a reduction in the LIFO allowance of $0.4 million. Average feedstock price per gallon decreased by 7.3% from 2011 to 2012.
Total gross profit on revenue for the nine months ended September 30, 2012, increased approximately $8.1 million, or 51.4%, to $23.9 million, as compared to $15.8 million for the same period in 2011. The cost of sales and processing and gross profit for the nine months ended September 30, 2012, includes a net loss of approximately $1.8 million from derivative transactions. For the same period of 2011, the net loss was approximately $109,000.
Year-to-date General and Administrative costs increased $0.6 million or 7.6%, to $8.8 million from $8.1 million in the same period in 2011 due to increases in management and administrative compensation, travel expense, health insurance premiums, Saudi administrative expenses, accounting fees, and liability and property insurance premiums offset by a decrease in post-retirement benefits.
For the nine months ended September 30, 2012, the Company reported net income attributable to Arabian American Development Company of approximately $9.5 million, or $0.40 per basic and $0.38 per diluted share (based on 24.1 million basic and 24.8 million diluted weighted average shares outstanding, respectively), compared to net income of approximately $4.4 million, or $0.18 per basic and diluted share (based on 24.0 million basic and 24.6 million diluted weighted average shares outstanding, respectively) for the year-ago period.
EBITDA for the nine months ended September 30, 2012, was $17.2 million as compared to $9.7 million for the same period in 2011.
The Company completed the quarter with $3.0 million in cash and cash equivalents compared to $6.7 million as of December 31, 2011. Trade receivables decreased by approximately $1.4 million due to a 9.4% decrease in price per gallon and a 2.3% decrease in volume sold during the third quarter. The average collection period remains normal for the business. Inventory increased approximately $0.9 million due to a 10.2% increase in volume partially offset by a 6.0% decrease in cost per gallon.
The Company had $29.1 million in working capital compared to $29.7 million in working capital as of December 31, 2011. It ended the quarter with a current ratio of 3.6 to 1. Shareholders' equity increased to $76.0 million as of September 30, 2012, from $66.0 million as of December 31, 2011.
About Arabian American Development Company (ARSD)
ARSD owns and operates a petrochemical facility located in southeast Texas, just north of Beaumont, which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and now a 37% owner of AMAK, a Saudi Arabian joint stock mining company.
Safe Harbor
Statements in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon management's belief as well as assumptions made by and information currently available to management. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. These risks, as well as others, are discussed in greater detail in Arabian American's filings with the Securities and Exchange Commission, including Arabian American's Annual Report on Form 10-K for the year ended December 31, 2011, and the Company's subsequent Quarterly Reports on Form 10-Q.
Been watching, but playing higher priced stocks for better money,
been playing ISRG, BG, INFA, too many too list,
Friday hit 2 new High Water marks, went to mostly cash on Thursday
and played some inverse ETF's on the NAZ, super great...
,,,,,$$$$$
Hey Chris hope your doing well. Haven't been on much been busy with work and school...
Things could really heat up here before the end of the year imo
Best of trades!
Think this is moving up tomorrow?
looks like ARSD aiming to grow some more.
shelf registration
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8779192
<<< $ARSD Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/ARSD
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/ARSD/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/ARSD/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/ARSD/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/ARSD/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/ARSD/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/ARSD/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/ARSD/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/ARSD/research
Google Finance Summary ~ http://www.google.com/finance?q=ARSD
Google Finance News ~ http://www.google.com/finance/company_news?q=ARSD
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=ARSD
Google Finance Financials ~ http://www.google.com/finance?q=ARSD&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=ARSD
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=ARSD&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=ARSD+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=ARSD+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=ARSD+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=ARSD
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=ARSD+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=ARSD+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/ARSD
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/ARSD
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=ARSD+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=ARSD+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=ARSD+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=ARSD+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=ARSD+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=ARSD+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=ARSD+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=ARSD+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=ARSD+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=ARSD+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=ARSD+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=ARSD&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=ARSD
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ARSD
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=ARSD
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=ARSD
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=ARSD
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=ARSD&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=ARSD&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/ARSD?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/ARSD
Barchart Options Quotes ~ http://barchart.com/options/stocks/ARSD
Barchart Technical Chart ~ http://barchart.com/charts/stocks/ARSD&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/ARSD&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/ARSD
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=ARSD
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/ARSD
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/ARSD
Barchart News Headlines ~ http://barchart.com/news/stocks/ARSD
Barchart Profile ~ http://barchart.com/profile//ARSD
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=ARSD&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARSD&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARSD&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARSD&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/ARSD/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/ARSD/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/ARSD/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/ARSD/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/ARSD
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/ARSD/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/ARSD/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/ARSD/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/ARSD/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/ARSD/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/ARSD/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=ARSD&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=ARSD
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=ARSD
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=ARSD&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=ARSD
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=ARSD
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=ARSD&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=ARSD.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=ARSD®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/ARSD
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/ARSD/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/ARSD/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARSD/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=ARSD&selected=ARSD
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=ARSD&selected=ARSD
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/ARSD/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/ARSD/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/ARSD/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/ARSD/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/ARSD/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/ARSD/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/ARSD/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/ARSD/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/ARSD/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/ARSD/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/ARSD/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/ARSD/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/ARSD/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/ARSD/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=ARSD&selected=ARSD
NASDAQ Financials ~ http://www.nasdaq.com/symbol/ARSD/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/ARSD/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/ARSD/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/ARSD/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARSD/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/ARSD/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/ARSD/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/ARSD/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/ARSD.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/ARSD/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/ARSD/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/ARSD/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/ARSD/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/ARSD/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/ARSD/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=ARSD
YCharts ~ http://ycharts.com/companies/ARSD
YCharts Performance ~ http://ycharts.com/companies/ARSD/performance
YCharts Dashboard ~ http://ycharts.com/companies/ARSD/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=ARSD&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=ARSD&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=ARSD&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=ARSD
Zacks Quote ~ http://www.zacks.com/stock/quote/ARSD
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=ARSD
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=ARSD
Knobias ~ http://knobias.10kwizard.com/files.php?sym=ARSD
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=ARSD
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/ARSD/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=ARSD&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=ARSD®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=ARSD®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=ARSD®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=ARSD®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=ARSD®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=ARSD
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=ARSD
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=ARSD&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=ARSD&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=ARSD
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=ARSD&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=ARSD
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=ARSD
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=ARSD
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=ARSD
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ARSD
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=ARSD
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=ARSD
Investorpoint ~ http://www.investorpoint.com/ enter "ARSD" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "ARSD" and click search.
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=ARSD
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=ARSD
Check those searches for recent ARSD mentions. If ARSD is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
Thanks for the PM MACDgyver I returned the favor but now you have 421 :)
~ Monday! $ARSD ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $ARSD ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=ARSD&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=ARSD&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=ARSD
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=ARSD#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=ARSD+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=ARSD
Finviz: http://finviz.com/quote.ashx?t=ARSD
~ BusyStock: http://busystock.com/i.php?s=ARSD&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=ARSD >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Person mark for you! I see you like PSTR BTN ARSD.... I hope you don't have the password to my Etrade account! lol
Yep! just got back in this one. Expecting a nice earning report and hoping to see some proceeds from AMAK.
Do you see a pull back coming yet? This thing is a beast!
Oh and I got the word out a little on the hub last night on BTN
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69823867
Arabian American Development (NASDAQ:ARSD) is a two-for-one stock. That means it has two great growth drivers in one company. ARSD not only owns and operates a petrochemical facility in southeast Texas, it also owns a significant stake in a mining company in Saudi Arabia:
ARSD makes chemical products from petroleum. It has a 60% North American market share in Styrofoam and similar products used in drinking cups, food packaging and the like. It also uses petroleum to make adhesives and rubber products. The company also owns a 37% stake in a Saudi Arabian mining operation for copper, zinc, gold and sliver. The mine is expected to be operational in the coming days, which will provide an excellent boost to earnings in the coming quarters.
In the most recent quarter, Arabian American Development’s sales rose 66.1% to $61.5 million, compared with $37 million in the same quarter a year ago. During the same period, earnings rose 128.6% to $3.9 million — or 16 cents per share compared with $1.7 million, or 7 cents per share a year ago. The analyst community was expecting earnings of 9 cents per share, so Arabian American Development posted a 77.8% earnings surprise. Looking forward, the analyst community is expecting annual fourth-quarter sales growth of 99.2% and 750% annual earnings growth.
In the past month, the analyst community has revised their consensus forecast for earnings by 105.9%. Typically, such aggressive earnings revisions precede future earnings surprises. The stock is a good buy, but is thinly traded, so I must insist that you try to buy the stock with a limit order within 10 cents of the previous day’s closing price. Under no circumstances should you try to buy this stock with a market order, since you could send it soaring and hurt yourself and other investors.
http://www.investorplace.com/2011/12/5-small-cap-buys-with-large-potential-arsd-dpm-pdc-sppi-suss/
Looks like a break of $9 coming soon.
Guess he knew what he was doing after all!
Goehringer Charles J option exercise increases holdings
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8282911
Yeah I was kinda getting that same feeling. Holding up nice considering that gap up.
Im sure he is! And I bet Charles is feeling a little salty about his sell back I the 6s. But he still has about 25k I believe.
I still can't add assit mods here not sure what's going on....Nice chart on RTK!
Wow huge gap up on that news!
Wow what a past couple months here! Thanks again DFX I wish I had more $$ back in Oct would of put a lot more on this one....
WTF , it wont let me select a assit mod. I think the hubs been a little screwy today. Saw a couple boards with no mod and all assistants??? I'll try again tomorrow.
http://investorshub.advfn.com/boards/board.aspx?board_id=11655
http://investorshub.advfn.com/boards/board.aspx?board_id=5257
Arabian American Development Stock Soars (ARSD)
NEW YORK (TheStreet) -- Shares of Arabian American Development Company (Nasdaq:ARSD) have taken a tremendous swing upward. The stock is trading at $8.43 as of 9:33 a.m. ET, 22.3% above Friday's closing price of $6.89. Volume is at 36,105, 1.5 times the daily average of 23,900.
Arabian American Development has a market cap of $156.1 million and is part of the basic materials sector and energy industry. Shares are up 55.9% year to date as of the close of trading on Friday.
Arabian American Development Company, through its subsidiaries, owns and operates a petrochemical facility located in southeast Texas, which specializes in high purity petrochemical solvents and other solvent type manufacturing. The company has a P/E ratio of 33, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Arabian American Development as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Arabian American Development Ratings Report.
a lot of shares changing hands here again, wonder how far ARSD
can go, it was in the high teens way back, today a whole new ballgame. steady as she goes, I really didn't expect a gap up
like this as I did want to accumulate more in the $6 range like I
did on Friday but oh well, thats the market for you, up down and around she goes........best of trades
dealorfx
,,,,,$$$$$
Stickied, Thanks! I'm sure we can expect many more updates on the mine in the near future too!
Arabian American Provides Business Update
AMAK Mine Facility Officially Commences Operations
Petrochemical Subsidiary Begins Shipping Commercial Quantities on Previously Announced Contract
PR NewswirePress Release: Arabian American Development Co. – Thu, Dec 1, 2011 8:00 AM EST
RELATED QUOTES
Symbol Price Change
ARSD 8.2699 +1.38
SUGAR LAND, Texas , Dec. 1, 2011 /PRNewswire/ -- Arabian American Development Co. (Nasdaq: ARSD - News) today provided a business update on several aspects of its operations. This update announced:
* The AMAK (Al Masane Al Kobra Mining Company) mine in Saudi Arabia , which is 37% owned by Arabian American, has officially been transferred to the surface facility operator, China National Geological & Mining Corporation. Operations began on November 28, 2011 , after successful completion of the construction phase of the mine.
* The Petrochemical subsidiary, South Hampton Resources, began shipping commercial quantities on a previously announced contract that will add approximately $24 million in annual revenue at current prices.
Nick Carter , President and Chief Executive Officer, commented, "The transfer of the mine happened smoothly, and all indications are that it is working well. It is exciting to see the entire mining package come together on what is essentially a brand new, startup venture. We hope that interested investors and shareholders will join us for the upcoming mine tour that we have scheduled for February 13-16, 2012 , in Saudi Arabia ."
Mr. Carter concluded, "We continue to diversify our customer base in the petrochemical business and capitalize on market opportunities as reflected by the shipment of commercial quantities of a specialty hydrocarbon blend. These shipments represent performance on a contract which is in the final three years of a previously announced five-year term. During the first two years of the contract, we shipped test quantities to the customer's facility. Beginning in November we started shipping commercial quantities. This volume represents approximately 16% of the throughput capacity of our specialty petrochemical facility."
IDK she's holding up pretty nice with heavy volume!
Going to look at taking a starter in BTN this week. They have their foot in the 3D door it seems. Low float, Low P/E and nice earnings.
http://www.strong-world.com/Products/ScreenSystems/Screens.aspx
HAHA Merry Christmas indeed! What an open :)
No Sir, I elected to go with a different security
Did you establish any position? ARSD still a ways to go, slow and steady no pump n dump here, strictly fundamentals is what driving the share price, yes thin trades but tight share structure, think
$9 or $10 soon, then into the mid teens by summer, been following
ARSD since, well go to first post.
good trades
dfx
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ARSD---------->Al Masane Project Information
JORC Compliant Ore Reserve Study Project Overview
Completed Sept. 2009 by Watts, Griffis and McQuat
Introduction
Al Masane Al Kobra Mining Company is a precious metals and base metals developer focused on the completion and production of the 700,000 tpa copper, zinc and precious metals Al Masane Mine in Saudi Arabia. The Al Masane Project is fully funded and permitted. As of mid 2010, the surface facilities were completed and waiting for testing prior to delivery of ore. The contract to continue mine development has been awarded and pre-production development has commenced.
Production of copper concentrate, zinc concentrate, gold and silver bullion is scheduled for the 3rd quarter 2011.
The project is located in southwestern Saudi Arabia, approximately 640 km south east of Jeddah. It lies some 414 km by a newly paved road from the port of Gizan on the Red Sea. The mines copper and zinc concentrates will be trucked to the port of Gizan and shipped to smelters in Europe or the far east.
In addition to the known ore reserves that are being developed, exploration of gossans and geochemical anomalies in the greater Al Masane area has indicated that there is a high probability of discovering additional minable resources which will increase the life of mine.
ARSD ownes 37% of AMAK http://www.amak.com.sa/
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