Moro Corporation (MRCR)

[jtomm]

Thank you, Sir.

[NoNameStocks]

No I haven’t

[jtomm]

Have you talked to mgt? I guess I'm wondering if they plan on running it as an ongoing business or if they're preparing for the company for sale

[NoNameStocks]

Nothing other than filings. Looks like new management is doing some good things getting rid of unprofitable subsidiaries

[jtomm]

Maybe finally turning the corner? Any further updates you're aware of, other than the filings?

[mov1es]

Anybody have any thoughts on recent mailing? Looks like Menards and family are being taken out by new generation. Board ouster of only independent person and bylaw changes. POA and GUARDIANSHIP? I believe we have a coup.

[greasemonkeyshoes]

ER is out....
EPS is 5c:not bad and not great.

[greasemonkeyshoes]

Newbie and a multi-bagger sleeper.....
Based on updated filings,this sleeper is looking good and back kicking hard again.Its EPS growth can be way above expectation,if its q3/q4 matches q2,BIG IF,but probable to be a big surprise.

[tsoprano-1]

Big boy stepped to the plate at eod. 18,000 bid at $1.02. Not that many shares showing on level 2 on ask side all the way up. Some one knows something, me thinks. Good to see.

T

[tsoprano-1]

17 separate trades at 8400 shares per to lift the iceberg. Guy left thousands of dollars on the table by not raising his offer. Someone gobbled it up.

T

[tsoprano-1]

Someone nipping away at the ask today.

T

[tsoprano-1]

SB, excellent find. Thanks for sharing. Makes sense of that 100,000 share bid that was in around .50. I had hoped it might be CCOM, another underpriced HVAC company out east that I had told to look into MRCR. When was that announcement? I never saw it.

T

[startingboy]

.50c wtf? this is crazy! At June 30, 2017, cash totaled $2,321,000 and represented 29% of stockholders’ equity of $8,074,600 and equity per share was 1.32.

David W. Menard, President and CEO, commented: “It is perplexing to me why the market price for Moro’s stock has recently been trading in the OTC marketplace for about $.50 per share which is 38% of book value. There is, in my opinion, a disconnect here which should eventually be recognized by the investment world.”


https://www.otcmarkets.com/news/otc-market-headline?id=862911

[NoNameStocks]

Could be. Ton of volume today anyhow

[tsoprano-1]

So much for that bid. Spanked early and hard. Arranged sale? At least there was a buyer.

T

[tsoprano-1]

I am guessing that was the COO moving up to .51 for 101,000 shares. A little under 30,000 within a dime or so.

T

[NoNameStocks]

new write up on MRCR

I posted a write up on my blog.
Looking for a sale of MRCR:
http://www.nonamestocks.com/2016/01/looking-for-sale-of-mrcr.html

[Wisebuys]

Looks like lots of wash trades today either someone wants in or out.........

[startingboy]

doing some numbers if they did $15M in 1Q and they expect $75m in 2014
$75M-$15M=60M / 3 =$20M X Q insane how cheap this is .

[startingboy]

just got it that the filing is for Period of 3/31/14 can't wait for the rest of the 2014 $$$$ :)

[startingboy]

MRCR omg look at that filing!! http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=131178

[startingboy]

amazing how cheap this is down here :)

[veena]

DON'T YOU THINK ITS BREAKING

[ghmm]

Any particular reason for thinking that?

I am not too worried about (near term) dilution. Menard and his family own a substantial majority and have not abused it (such as by giving himself an exuberant salary or tons of options though son was hired). They have generally financed deals with debt/converts (the last of which have much higher price then current). The last deal was financed with cash on hand and straight debt.

The PR for RoundOut Electric and the Iron Works said they would add 15-18m top line and .05-.06 as share bottom. If the construction and HVAC do well both numbers would be dwarfed by existing business. Don't know what the economy holds in store but based on the PR I don't see it as a bet on Roundout Electric.

[@-@]

Looks like the fun will be starting soon. I don't know if that's $1 a share fun, or we wait for dilution to kick in. It's a guessing game, but this is now going to be Roundout Electric.

[ghmm]

Another disappointing quarter at least Mr. Menard sounded more optimistic going forward. The 18 mil project sounds good but that will be over a couple years (I am assuming its this one)
http://www.radoenterprises.com/projectinfo.cfm?proj_id=50

The one thing he has done well is acquire companies on the cheap so hopefully the one closing in Q3 will be accretive and be acquired on the cheap again.

[ghmm]

Just looking over the quarterly and this stock is really cheap! My guess is they do .30 this year (+ or -) which puts the PE a little over 3 but then the company is selling at about 2/3 of book to boot!

Even though they are pink sheeted they are up-to-date on filings on OTCQX and have audited financials. This is the link to the most recent Q:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25971

other filings are available at:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=mrcr#getFilings

[ghmm]

Don't know why the ask came down on this report but thanks I added more today for what its worth. I thought the numbers were very good. PR is cautious but look back over PR's and wording is generally similar (cautiously optimistic).

Pink Sheets generally has a Q (even though they are pink sheet) posted near earnings release but looking at the PR I would guess that rather then low bid at a loss to keep busy they avoided some unprofitable construction work. Great in my book!

The stock is got to be one of the cheaper values out there and even though now some brokers need you to call in to place an order I think its worth it. Better you make two calls and call the company in your DD as well.

[ghmm]

A Very nice earnings report all things considered. Mr. Menard has been extremely cautious in his wording for some time.

The volume today is most we've seen in some (year+)? This has got to be one of the thinnest stocks out there. Definitely well below 1M float (and likely < 500k) as Mr. Menard owns the majority and there are a few other big holders who aren't selling plus a lot of owners know him and probably aren't selling too (I sure am not!).

[GuruTrader]

Moro Corporation Reports Full Year 2008 Revenue at All-Time High; Expansion Programs Continue
Monday April 13, 2009, 11:15 am EDT
Buzz up! Print Related:Moro Corp.
WAYNE, Pa.--(BUSINESS WIRE)--Moro Corporation (OTCQX:MRCR) today announced that financial results for the twelve months ended December 31, 2008 were as follows:

Twelve Months Ended


December 31

2008
2007

Revenue $ 76,370,000 $ 64,020,000
Net income $ 452,000 $ 1,516,000
Earnings per share $ .07 $ .24
Average number of common shares outstanding
6,369,643 6,304,438


Related Quotes
Symbol Price Change
MRCR.PK 0.75 0.00


{"s" : "mrcr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Revenue for the twelve months ended December 31, 2008 was $76,370,000, an increase of 19% over the prior year period. The Mechanical Contracting Division accounted for 55% and the Construction Materials Division accounted for 45% of full year revenue.

Net income for the year ended December 31, 2008 was $452,000.

The Mechanical Contracting Division reported significantly lower earnings due to lower profit margins for several projects. The Construction Materials Division reported increased earnings due to higher gross profit margins on products sold.

David W. Menard, President and CEO, commented: “We did a good job growing the ‘top line’ during 2008. We hope to do a better job with the ‘bottom line’ in 2009. We continue to implement plans, including possible acquisitions, to expand our product lines, production/service capacity, market share and geographical coverage.”

Moro’s financial position is strong. At December 31, 2008, cash totaled $2,852,000 and represented 33% of stockholders’ equity. At December 31, 2008 equity per share was $1.34 versus $1.27 a year ago, an increase of 6%.

As the outlook for the overall U.S. economy continues to weaken there is a decline in the demand for many of Moro’s products and services. Moro and its competitors are vying for a piece of a smaller pie. By increasing product and service offerings and geographical coverage and having implemented deep reductions in operating costs that have now taken effect, Moro is confident that it will get through a difficult period that will likely last for two or more years.

The vast majority of Moro’s business has a non-residential focus. The Federal Government’s infrastructure stimulus program should benefit the Company.

Moro is a profitable and financially strong multi-subsidiary and eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) industrial/commercial/residential mechanical contracting services (HVAC, plumbing, and piping).

For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax [phone].

Statement under the Private Securities Litigation Reform Act: This press release contains certain forward-looking statements regarding, among other things, the anticipated profitability and continued growth of the company. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the continued ability of the company to generate operation profits, the lack of continued demand for the company’s products, the ability to locate and acquire suitable acquisition opportunities, and if acquired, the failure of any such businesses to generate operating profits.


Contact:
Moro Corporation
David W. Menard, President and CEO, 484-367-0300
Fax: [phone]

[ghmm]

Just and FYI.

The lack of interest on this board and my disinterest in being a mod led me to resign.

I am still quite long and have no intention of selling.

I'll probably continue posting occasionally as long as this doesn't become a trader board.

[ghmm]

http://finance.yahoo.com/news/Ahead-of-the-BellHVAC-may-apf-14101254.html/print
Ahead of the Bell:HVAC may benefit from Obama plan
US stimulus plan could benefit heating, ventilating, air conditioning manufacturers: analyst
I must admit to being very surprised to see this but pleasently so. A major segment of our business is HVAC think we do more smaller ones but we get one or two it could really help us. The other segment (rebar) should benefit for sure especially in PA/NJ/NY where there are a lot of bridges in need of repair. Saw a story on PA as ranked with one of the worst bridges in the country.


* Tuesday January 20, 2009, 8:43 am EST

HARTFORD, Conn. (AP) -- Legislation in Congress intended to increase public works spending could aid manufacturers of heating, ventilating and air conditioning systems, an analyst said Tuesday.

However, Analyst Jeffrey D. Hammond of KeyBanc Capital Markets said in a note to investors that he is "somewhat guarded" about the impact of the plan.

Spending sought by incoming President Barack Obama as an economic stimulus includes $40 billion that may have "positive implications" for the heating, ventilating and air conditioning industry, he said. A focus of the legislation is to renovate government buildings to improve energy efficiency, he said.

Companies that could benefit are Ingersoll Rand Co. through its Trane subsidiary, Lennox International Inc. and Regal Beloit Corp., Hammond said.

The legislation presents a "solid outline of actions, which has a positive read through for HVAC equipment and service providers, likely beginning in 2010," he said.

"That said, given the numerous steps in vetting and appropriating government stimulus, we are somewhat guarded with respect to the magnitude of any impact," Hammond said.

[ghmm]

I am a little surprised the company put out a PR. Its not like there is much volume probably just 1 person sold didn't care the price. This seems to happen occasionally with the stock though today perhaps the 2k shares was a little more then other times. Frankly I would have preferred not to see a PR as I was the buyer today.

http://biz.yahoo.com/bw/090105/20090105005936.html?.v=1&printer=1

Volativity of Moro Corporations Stock Price
Monday January 5, 2:42 pm ET

WAYNE, Pa.--(BUSINESS WIRE)--Moro Corporation (OTC:MRCR - News) – David W. Menard, President of Moro Corporation today announced that there are no events known to him that would justify the Monday, January 5, 2009 sale of Moro’s common stock at $.60 per share versus the last trade of $1.25 on Friday, January 2, 2009 and on Wednesday, December 31, 2008.

ADVERTISEMENT
Moro’s 2008 revenues will be approximately $75,000,000 which will be 17% greater than the $64,000,000 reported for 2007. During 2007 after tax profits were $1,516,000 or $.24 per share.

For the nine months ended September 30, 2008 after tax profits were $769,000 or $.12 per share. At September 30, 2008 stockholder’s equity was $1.39 per share.

Moro recently moved its commercial banking relationship to TD Bank, N.A. where it obtained a credit line of $15,000,000 of which $12,000,000 is a two year revolving line of credit secured by accounts receivable and inventory at an interest rate of thirty day LIBOR plus 200 basis points. As of today, this interest rate formula translates to a low annual interest rate of 2.43%.

Although there is considerable uncertainty in today’s economy, Moro has a strong financial position and is operating at a profitable level.

Most of the products and services provided by Moro fall under the category of “infrastructure” which our Washington politicians are telling us will be a major focus of government economic stimulus during 2009. Such stimulus should be good for Moro.

Moro is a profitable and financially strong multi-subsidiary and eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) industrial/commercial/residential mechanical contracting services (HVAC, plumbing, and piping).

For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax [phone].

Statement under the Private Securities Litigation Reform Act: This press release contains certain forward-looking statements regarding, among other things, the anticipated profitability and continued growth of the company. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the continued ability of the company to generate operation profits, the lack of continued demand for the company’s products, the ability to locate and acquire suitable acquisition opportunities, and if acquired, the failure of any such businesses to generate operating profits.


Contact:

Moro Corporation
David W. Menard
President and CEO
484-367-0300
Fax: [phone]

[ghmm]

Pressure Builds for Infrastructure Outlays

Regardless of the concerns in this article I think it is an extremely high probability there is significant spending in infrastructure. Since I don't (currently) own any rail related stocks I say forget the railroads fix our roads and bridges :). Disclosure I am long MRCR, SMID and IRD.TO which would benefit from road and bridges.

http://online.wsj.com/article/SB122705499948839373.html?mod=todays_us_page_one

WASHINGTON -- Business and labor groups are ramping up a lobbying campaign to persuade President-elect Barack Obama and the next Congress to back a huge boost in infrastructure spending in an effort to create jobs and kick-start economic growth.

These interest groups have increased their investments in Washington. The general-contracting sector, for example, gave $22.6 million of political donations during the 2007-08 election cycle, a 22% increase from the 2006 election.

The construction lobby is asking Congress to quickly approve $18 billion for highways and bridges and an additional $10 billion for water-infrastructure projects. Railroads want new tax incentives to add track to ease congestion at choke points. The aviation industry wants to boost a federal program for runway construction. And telecommunications firms want tax breaks to expand broadband service, while electric utilities want incentives to modernize the transmission grid.

The lobbying push comes as a broad economic-stimulus bill with $13 billion of transportation spending appears headed for a defeat in Congress this week. Advocates of infrastructure spending are seizing on everything from rising unemployment to last year's bridge collapse in Minneapolis to argue for outlays for various projects.

"We are driving infrastructure to the top of the agenda," said Janet Kavinoky of the U.S. Chamber of Commerce, who appeared with an ally from the United Steelworkers union Tuesday at a forum sponsored by the Campaign for America's Future, a left-leaning think tank.

Industry lobbyists say economic turmoil and the government's bailout of other market sectors has given them hope for success. Many feel there will be more emphasis on public-works funding next year, once Democrats are in charge of the White House and Congress.

"As a general rule, Democrats are inclined to be more favorably disposed to infrastructure investment as an economic stimulus than Republicans," said Todd Hauptli, a lobbyist for the American Association of Airport Executives.

Infrastructure proponents aren't counting on any quick fix next year. Among the obstacles they face: a federal deficit that could hit $1 trillion next year alone and a raft of competing policy proposals.

Congress is also due to take up a six-year highway bill that could carry a $500 billion price tag. Debate on that legislation could pit lobbyists for other modes of transportation, such as railroads, against supporters of more spending on roads.

Looming over it all is the question of how to pay for a big wave of public works. Gasoline-tax receipts, the main source of federal transportation dollars, have been falling this year as Americans cut back on driving. A commission created by Congress this year recommended more than doubling gas taxes from the current 18.4 cents a gallon. But Mr. Obama and his aides steered well clear of advocating any increase during the campaign.

Meanwhile, some of those pushing to increase infrastructure spending fear the next White House might choose other priorities -- such as narrowing the budget deficit or opting for other forms of stimulus spending.[Obama has publicly stated and sited economists in saying stimulating the economy is more important even if we put the deficit issue aside for a couple years]

"The election of Obama offers opportunity. It doesn't guarantee anything," Rep. Keith Ellison (D., Minn.) said Tuesday, cautioning transportation lobbyists against overconfidence.

If lobbyists succeed in getting something approaching what Democratic Rep. Lynn Woolsey of California on Tuesday called "a new New Deal," it will be a significant shift. Over the past couple of years, construction lobbies have repeatedly failed to get lawmakers to approve big increases in infrastructure spending. Their only recent success was getting Congress in September to put $8 billion into the rapidly depleting Highway Trust Fund, the main source of federal transportation dollars.

"There is a lot of pent up demand," Mr. Hauptli said.

Write to Christopher Conkey at [e-mail] and Brody Mullins at [e-mail]

[ghmm]

There is a survey please take a minute to take it even if your just passing through.

http://investorshub.advfn.com/boards/board_surveymenu.asp?board_id=8604

[ghmm]

This could help keep in mind Pennsylvania is one of the states in need of bridge repair which is one of the regions serviced by the Moro companies.

http://news.yahoo.com/s/ap/20081106/ap_on_el_pr/meltdown_obama

Obama has called for about $175 billion in new stimulus spending, including money for roads, bridges and aid to hard-pressed states

[ghmm]

Moro Corporation Reports 3rd Quarter 2008 Sales Increase of 28% over Year Ago Period; Nine Month Book Value Per Share up 9%

http://biz.yahoo.com/bw/081104/20081104005948.html?.v=1

Tuesday November 4, 12:14 pm ET

WAYNE, Pa.--(BUSINESS WIRE)--Moro Corporation (OTC:MRCR - News) today announced that financial results for the three and nine months ended September 30, 2008 were as follows:
Three Months Ended


Nine Months Ended


September 30


September 30


2008


2007


2008


2007
Revenue $ 22,777,000 $ 17,784,000 $ 55,095,000 $ 47,916,000
Net income $ 695,000 $ 795,000 $ 769,000 $ 1,548,000
Earnings per share $ .11 $ .13 $ .12 $ .25

Average number of common shares outstanding
6,369,643 6,282,143 6,369,643 6,282,143


Revenue for the third quarter of 2008 of $22,777,000 was 28% greater than for the year-ago period. The Construction Materials Division (mainly concrete reinforcing steel) represented 45% of total revenue and the Mechanical Contracting Division (mainly HVAC products and services) accounted for 55% of total revenue for the third quarter.

Net income for the third quarter was $695,000. Earnings per share for the third quarter were $.11. Both the Mechanical Contracting Division and the Construction Materials Division were strong contributors to profits.

Revenue for the first nine months of $55,095,000 was 15% greater than for the year-ago period. The Construction Materials Division represented 48% of total revenue and the Mechanical Contracting Division accounted for 52% of total revenue for the nine-month period.

Net income and earnings per share for the nine-month period of $769,000 and $.12, respectively, were below the results reported for the year-ago period. The Mechanical Contracting Division reported a revenue increase of 20% over the prior year period. However, profits were substantially less than those reported for the prior year for the following reasons: (a) the commercial segment of this Division did not have contracts that were as profitable as those for the previous year, and (b) the residential segment experienced a wide gap between selling prices and labor and operating expenses due to the turmoil in overall housing and financial markets. The Construction Materials Division reported an 11% revenue increase and net income that was 93% greater than for the prior year period. This division benefitted from higher profit margins caused by an increase in the difference between selling prices and the cost of purchased steel and operating costs.

David W. Menard, President and CEO, commented: “These are tough times for businesses serving the construction industry. I feel fortunate that Moro, on an overall basis, is doing reasonably well. We continue to expand our topline (revenue), by broadening our program’s reach and opening new branches, and searching for expansion opportunities including possible acquisitions and joint ventures.”

Moro is a profitable and financially strong and multi-subsidiary eleven-location construction products and services company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) mechanical contracting services (HVAC, plumbing, and piping).

For more information, contact David W. Menard, President and CEO, at 484-367-0300, fax [phone].

Statement under the Private Securities Litigation Reform Act: This press release contains certain forward-looking statements regarding, among other things, the anticipated profitability and continued growth of the company. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the continued ability of the company to generate operation profits, the lack of continued demand for the company’s products, the ability to locate and acquire suitable acquisition opportunities, and if acquired, the failure of any such businesses to generate operating profits.


Contact:

Moro Corporation
David W. Menard
President and CEO
484-367-0300
Fax: [phone]

[ghmm]

I was and then I guess not posting in a while I got the boot. If there is something worthwhile to contribute I'll post even if i am not moderator.

If you bought/buy shares welcome aboard. The spread is usually quite big and some brokers seem to do better then others at executions.

[mfreddy08]

thanks again! u should become moderator for this board.

[ghmm]

The list in #msg-25590766 has all but the most recent acquisition of J&J (which actually turned out to be two companies). For now (and Mr. Menard is quite open to acquiring other business in different segments at the right price) they basically have two segments HVAC (Heating Ventilation and Air Conditioning) and a construction segment which falls mainly under the JM Ahle. The construction does a lot of steel fabrication (rebar) and the like.

[mfreddy08]

thanks g, yeah, i show as of june 30th 2008, o/s 6,369,643 and float 925,000 what other type of companies do they own??

[ghmm]

I still like the company a lot. Low outstanding is just half of it. Mr. Menard owns an overwhelming majority. There is a fund that own a chunk and then a few others who own fair sized positions who aren't likely to sell anytime soon. so I would guess the float is well under 1 million (perhaps even in the 300-500k range). It took me a couple years to build up a fair sized position!

They have had a few more bumps then I would care for with higher commodity prices. I am a very long-term holder though and its probably as cheap as it will get. Mr. Menard is impressive to read/talk to. I'ld suggest the Wall Street transcipt article in the readme first.
#msg-24930296
I would guess they will do upper teens this year in EPS and they are growing the revenue number even with hard times in some of their business. Mr. Menard is very frugal in his operations and buys companies on the cheap. I think the model is great (min-berkshire if you will).

If you have specific questions please feel free to ask.

[mfreddy08]

g...what do you know about this company??? I just found this one because of the low o/s.

[ghmm]

I have been noticing someone appears to be buying (other then me :)) as the bid drops it seems new bids enter in the 1.60-1.65 range. It is a hard stock to accumulate a position in so it takes patients. IMHO now is a good time for someone wanting to build a significant position. In a tough period for companies in construction and rising steel prices the company seems likely to still turn in a decent profit (though Mr. Menard has stated it will likely be below last year).

[thedoeyfund]

Just letting you know you're not talking to yourself. Appreciate the posts. I'm interested in this one but just observing for the time being.

[ghmm]

Earnings should be out any day now. I've noticed them being late a few times the past couple quarters. I am speculating it may be due to having more companies. When I spoke with the CEO he seemed to not be concerned with burding management with paper work as long as they are doing their jobs well. I am sympathetic with that perspective but at the same time don't like financials to be late. I posted this on another board. If anyone wants to know more about the company I'ld be happy to discuss it or better yet you can contact management I think they are pretty receptive to talking to people.
#msg-28785359

[ghmm]

The Moro Companies 12/28/2008

Moro Corp. (The Holding Company) http://www.morocorp.com/
- Current Ownership in 5 companies

Colmen Menard (Mr. Menard's Firm) http://www.colmenmenard.com/
- Firm does investment banking. Believe it is currently not very active. In addition to Mr. Menard, Mr. Corr plays an active role in Moro


The Companies
1) JM Ahle
. Acquired April 3, 2000
. Purchase Price $1,406,212
. Fabricator and distributor of reinforcing steel to contractors and subcontractors for use in the construction of highways, airports, bridges, treatment facilities, schools, public facilities, industrial and commercial buildings, and other structures.
. http://www.jmahle.com/

2) Rado Enterprises
. Acquired October 2, 2002
. Purchase Price $2,424,000
. Mechanical contractor engaged in various plumbing and HVAC
. http://www.radoenterprises.com/

3) Whaling City Iron
. Acquired April 12, 2004
. Purchase Price $655,159; Funded ($245K Cash on Hand, $75,159 liquidation of acquired assets, balance with Notes/Bank Debt)
. More details on the transaction (assets of Whaling) can be found in the 2004 Moro Annual Report
. Est. 11 Employees (D&B), Fabricates and distributes concrete reinforcing and structural steel
. http://www.wciron.com/

4) Appolo Heating
. Acquired March 1, 2006
. '05 Sales $12.6 Million, Revenue $1.1 Million
. Purchase Price: $3,307,275; Funded ($1.1 Million Cash on Hand, 950K in 10% Convertible Note, 50k sale of 5% interest in Appolo, balance with Notes/Bank Debt)
. More details on the transaction (assets of Appolo) can be found in the 2006 Moro Annual Report and some information also in the 2005 Moro Annual Report)
. 125 Employees, HVAC Contractor
. http://www.appoloheating.com/

5) J & J Sheet Metal Works
. Acquired November 1, 2007
. (Terms not yet disclosed)
. 45 Employees, Fabricator of Sheet Metal HVAC Products
. http://jjservicegroup.com/

[ghmm]

I like to make the I-Box small, since the Old I-Box Info had some useful info its contents are being transferred to a regular message post. Its contents are below.

Contact Information Business Description
994 Old Eagle School Rd.
Suite 1000
Wayne, PA
19087
United States

http://www.morocorp.com




Phone: [phone]
E-mail: [e-mail]
Moro Corporation is an industrial holding company specializing in the acquisition and management of industrial distribution, manufacturing and services businesses serving niche markets.

Moro is engaged in the fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping; the distribution of construction steel, miscellaneous steel and construction accessories; and mechanical contracting services (HVAC, plumbing, piping).


Main SIC Code
3449 - Miscellaneous metalwork
State Of Incorporation
DE
Country Of Incorporation
USA
Year Of Incorporation
1992
Company Officers
David W. Menard, President
Lawrence J. Corr, Vice President

Number of Employees
250 as of Nov 17, 2006
Number of Company Locations
8 as of Nov 17, 2006
Edgar Filing Status
De-registered Edgar filer
CIK
0000940800
Fiscal Year End
12/31
Outstanding Shares
6,282,143 as of Feb 15, 2007
Estimated Market Cap
14,134,821.75 as of Mar 7, 2007
Authorized Shares
25,000,000 as of Feb 1, 2007
Float
800,000 as of Feb 1, 2007
Number of Share Holders of Record
195 as of Feb 1, 2007
Company Notes
Formerly=Food Court Entertainment Network, Inc. until 6-99
Class Notes
New Issue=10-95 2,800,000 shs in Units (1 sh Series A Com, 1 Class A Warr 10-11-2000 & 1 Class B Warr 10-11-2000) at $5 per unit by D.H. Blair Investment Banking Corp.
Transfer Agent
Stocktrans, Inc.,
1st Pennsylvania Bank Bldg.
7 E. Lancaster Ave.
2nd Floor
Ardmore, PA
19003
USA



Company Auditor
RSM McGladrey & Pullen
Blue Bell, PA
19422
USA

Legal Counsel
Lurio & Associates, PC
2005 Market St.
Suite 2340
Philadelphia, PA
19103
USA

Investor Relations Firm
Data Not Available

[ghmm]

(cont.)
Sorry last sentence of message got cut off.

Of course because this is a thin stock normal caution should apply (I believe all my orders where limits).

[ghmm]

For those who may be new to this company and looking to buy shares a few things to keep in mind:
1-My understanding is Mr. Menard isn't so eager to get off the Pink Sheets especially if OTC-QX becomes well accepted. Though I would much prefer being on NASDAQ in some form His reasons seem sound and one shouldn't expect a change soon (though it certainly is not outside the realm of possibility).
2-Given #1 and the extremely low float there can be huge spreads (30-50% have been quite common and about 10% seems typical).
3-I've often placed orders to not see my bid appear. Even have seen trades execute below my bid (Had better luck with some brokers over others but not all the time).
4-Shares can execute in small odd/quantities. I've had executions of 30-40 shares on several occasions.
5-With the maturity of the convertible that was due 9/07 some of the holders elected to receive shares 175k principal = 87,500 shares. My guess is some of these were sold on the open market as the stock has traded above $2, its anyones guess how many of those could be available for sale.
6-If you really want to build a position I had success paying at or near the ask. That was over a period of time though and the price did rise with any significant execution.

As I post the spread went from 2.1 - 2.5 to 2.2 - 3.0. Good luck to those looking to accumulate. I think it offers a compelling long-term value proposition!
Of course be c