North American Galvanizing Coatings, Inc. (fka NGA)

[bell345]

52 week high today.

[GnomeOfZurich]

North American Galvanizing & Coatings Reports Record Second Quarter 2008 Earnings
7:01a ET July 21, 2008 (PrimeNewswire)
North American Galvanizing & Coatings, Inc. (Nasdaq:NGA) announced today record earnings for the first six months and the second quarter of 2008. The second quarter of 2008 is the Company's tenth consecutive quarter of record earnings.

Consolidated net earnings for the 2008 second quarter were $3.4 million ($.27 per share), compared with $2.2 million ($.17 per share) in the second quarter of 2007, a 59% increase in earnings per share. The Company's net earnings for the first six months of 2008 were $6.5 million ($.51 per share), compared with $4.6 million ($.36 per share) in the first six months of 2007 which represents a 42% increase in earnings per share.

Commenting on the results of the second quarter 2008, Ronald J. Evans, president and chief executive officer, said, "Strong capital goods spending, including electrical distribution and highway projects which specify galvanized product, continued to support hot-dip galvanizing demand, which resulted in improved industry utilization rates. This provided the opportunity to hold margins in a declining zinc market. Our second quarter 2008 volumes exceeded first quarter 2008 volumes by 9 percent and prior year second quarter volumes by 1 percent."

As part of its share repurchase program, the Company purchased approximately 72,000 shares of Company stock in open market transactions during the second quarter.

North American Galvanizing is a leading provider of hot-dip galvanizing and coatings for corrosion protection of fabricated steel products. The Company conducts its galvanizing and coating business through a network of plants located in Canton, Ohio; Denver, Hurst (Dallas/Forth Worth), Houston, Kansas City, Louisville, Nashville, St. Louis and the Tulsa area. Hot-dip galvanizing provides metals corrosion protection for many product applications used in commercial, construction and industrial markets. Our home page is: www.nagalv.com.

Cautionary Statement. This press release may contain "forward-looking statements" as defined under U.S. securities laws, including, but not limited to, statements concerning the Company's beliefs and expectations of future performance. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from such forward-looking statements and management's present expectations or projections. These risks and uncertainties include the risk factors described in the Company's SEC filings including the Company's Annual Report on Form 10- K filed with the Securities and Exchange Commission on March 7, 2008. The Company cannot be assured that continuing zinc price increases will continue to be absorbed by the market. These forward-looking statements are made as of the date of this press release. The Company assumes no obligation to update or revise these statements or to provide reasons why actual results may differ.

NORTH AMERICAN GALVANIZING & COATINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) THREE AND SIX MONTHS ENDED JUNE 30, 2008 AND 2007 (In thousands, except per share amounts) --------------------------------------------------------------------- Three Months Ended Six Months Ended June 30 June 30 2008 2007 2008 2007 SALES $ 21,978 $ 23,121 $ 42,680 $ 46,620 COSTS AND EXPENSES: Cost of sales 12,957 16,152 25,777 32,364 Selling, general and administrative expenses 2,707 2,441 4,849 4,805 Depreciation and amortization 852 898 1,709 1,736 --------- --------- --------- --------- Total costs and expenses 16,516 19,491 32,335 38,905 --------- --------- --------- --------- OPERATING INCOME 5,462 3,630 10,345 7,715 Interest expense -- (65) -- (252) Interest and other income 136 36 147 54 --------- --------- --------- --------- INCOME BEFORE INCOME TAXES 5,598 3,601 10,492 7,517 INCOME TAX EXPENSE 2,175 1,395 3,994 2,965 --------- --------- --------- --------- NET INCOME $ 3,423 $ 2,206 $ 6,498 $ 4,552 ========= ========= ========= ========= NET INCOME PER COMMON SHARE: Basic $ 0.28 $ 0.18 $ 0.53 $ 0.37 Diluted $ 0.27 $ 0.17 $ 0.51 $ 0.36

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: North American Galvanizing & Coatings, Inc.

North American Galvanizing & Coatings, Inc. Beth B. Hood [phone]

[moores2009]

its gonna run!

[moores2009]

thank you

[GnomeOfZurich]

I don't think it will run like the last april, just because the outstanding shares increased when they last split which indicates that the float has increased which means there are more shares avaiable then last time. It also won't run like it did do to the recession, also zinz is a commodity that NGA uses to make its products.

I like NGA because they increase there earnings per share. I also have my own expectations and analyzing that I did to forecast the future for NGA.

The good things I'm seeing from management is that they had a 2 million dollar share buyback which will decrease there outstanding shares and increase their EPS ratio. That was a very smart move on there part to hopefully attract institutional buyers.

The only problem is that this stock itself isn't day tradable. Not enough volume plain and simple. If there was 10X times avg daily volume, then yeah, I'd day trade this stock. All it takes is one guy thinking: I had enough with this and I'm going to sale off 300,000 shares. This stock would tank.

If they earn anywhere near a dollar in earnings times the price to earnings ratio of 12 because of recession, this stock is valued at 12 dollars a share. I see it going to 18.

Hope this helps.

[moores2009]

I got in today, ive played nga before, I think maybe its ready for its run like it has done the last couple of years starting in april, what do you think?

[GnomeOfZurich]

This company is still promising. This stock is like a 10yr investment for me. I don't remember seeing a small cap company do a stock buyback with 2 million dollars. Very wise on there part. The next step is to pay dividends. In a few years, I will own a very large amount of shares. This isn't a day trading stock yet! Needs more liquidity/Volume.

[GnomeOfZurich]

The Market Maker has nothing to do with this stock. It's a small cap company with a small amount of shares outstanding. This is still a great company and has been around the block for 50 years.

[GnomeOfZurich]

Dude, this isn't a pinksheet.

Thanks though.

[GnomeOfZurich]

The shipping companies are going to be the new leaders. If you watch Ludow and Company you would know. The only problem is that they left out the shipping companies that move commodities around the world. The Dry Bulk Carriers.

DRYS

TBSI

[frenchee]

GL with your avg. down!

[GnomeOfZurich]

They were close to my consesus. The only problem is that Sales are down while profit margins are at a all time high. That worries in the short term because recession fears and if their sales continue drop, what do you think will happen when profit margins drop.

I'm going to avg. down every chance I get and keep adding on to my position, this is the only stock I own long term. This isn't a pinksheet.

[frenchee]

looks like NGA is headed back to the 4.75 area...

[GnomeOfZurich]

Other examples: GTI, GHM

[GnomeOfZurich]

This will be a great stock if they make earnings 2/14. This stock has the potential to be a real winner. I have alot in this stock, they need to earn .72 this year and 1.44 the next year, if they do that then this stock should be in the 15 - 17.

[bell345]

Great stock.....the stock trades like garbage, most of the time. I think the MM is from hell.

[frenchee]

NGA oversold again and sitting on a potential support line as shown on the daily charts in the iBox.

[bell345]

NGA oversold.

Ameritrade Research Says Four Buys for NGA,, look under their stock research, three Buys and one Strong

[mcmike]

technica[[y: a m0ve t0 7 sh0u[d fetch 7,88ish

[frenchee]

Mike,

What's your current opinion on NGA?

[frenchee]

Think we will test 5.61 or will the upper trend line on the iBox daily chart function as support? Yesterday's downside move was decisive...

[frenchee]

Welcome to the board mcmike.

A great book on the use of Bollies is John Bollinger's Bollinger on Bollinger Bands. It's one of my core reference books on TA and I highly recommend it for anyone using TA methods for their investments/speculations.

Do you happen to have a good source for info on how to use the Aroon indicator? TIA if you can pass it along.

[mcmike]

Bollies banding indicators besides price!

very interesting

NGA appears to be in play with other metals like MEA and precious metals

GL with your board

My swing trade template is positive on all indicators