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Bought some today at 11.14. Hoping for a good monday!
Up another 5% today!
Bought a trading position Monday.
I've traded this stock at least a dozen times over the years.
futrcash
could be. but i've seen ZOLT on the reg sho list for years:
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
might want to wait until it is removed before going long in a big way. jmho.
Looks ready to bounce hard about here...
imo,
futrcash
Big drop today, so they did an early release on numbers. Not too bad, but short of expectations.
Still looks good to me considering the pps.
Back in AH's at 22.85
Zoltek Cos Sees 2Q Revenue $50M >ZOLT
DOW JONES NEWSWIRES
Zoltek Cos. (ZOLT) expects to record fiscal second-quarter revenue of $50 million.
The St. Louis carbon fiber maker said the announcement was a response to volatility in its share price.
On average, analysts surveyed by Thomson Financial expect second-quarter revenue of $51.7 million.
In after hours trading, Zoltek shares exchanged hands at $24.13, after closing the regular session down 11% at $22.79.
-Monica M. Clark; 201-938-5400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 15, 2008 18:31 ET (22:31 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 06 31 PM EDT 04-15-08
What a great day for ZOLT when the rest of the market is selling off. Very unusual. Looking for better volume and move to $30 in the next two weeks.
Looks like the Zoltek selling is starting in earnest again Mike...
Zoltek Reports First Quarter Results
Zoltek Reports First Quarter Results
ST. LOUIS, Mo., Feb. 11, 2008 (PRIME NEWSWIRE) -- Zoltek Companies, Inc. (Nasdaq:ZOLT) today reported results for the first quarter of its 2008 fiscal year ended December 31, 2007.
Zoltek's net sales for the quarter totaled $40.1 million, compared to $30.3 million in the first quarter of fiscal 2007 and to $43.6 million in the fourth quarter of fiscal 2007. Operating income from continuing operations before litigation charge totaled $4.8 million, compared to $3.0 million in the first quarter of fiscal 2007 and to $7.9 million in the fourth quarter of fiscal 2007. Zoltek's net income was $2.6 million in the first quarter of fiscal 2008, which compared to net losses of $5.7 million and $1.8 million reported for the first and fourth quarters of fiscal 2007, respectively.
Zsolt Rumy, Zoltek's Chairman and Chief Executive Officer, said that although management had expected sales in the recent quarter to approximate the level reported for the immediately preceding quarter, volume was constrained by customer plant shutdowns in Europe over the holiday season and by year-end inventory adjustments by several customers who previously had built up their inventories to address concerns regarding possible shortages. "With our increasing capacity, our customers are more confident that we will be able to supply all their requirements and, consequently, they worked down some safety stocks. Overall demand for our low-cost, high-performance carbon fibers remains strong and we are optimistic that we can reach our sales objective for fiscal 2008," Rumy said.
"Longer term, we expect that over the next few years our growth trends will continue and we will achieve our sales and profitability targets," Rumy said.
Zoltek will host a conference call to review first quarter results and answer questions on Tuesday, February 12, 2008, at 10:00 am CT. The conference dial-in number is (800) 795-1259. The confirmation code is 4179867. Individuals who wish to participate should dial in 5 to 10 minutes prior to the scheduled start time.
This press release contains statements that are based on the current expectations of our company. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The factors that might cause such differences include, among others, our ability to: (1) successfully resolve pending litigation; (2) continue to improve efficiency at our manufacturing facilities on a timely and cost-effective basis to meet current order levels of carbon fibers; (3) successfully add new planned capacity for the production of carbon fiber and precursor raw materials and meet our obligations under long-term supply agreements; (4) achieve profitable operations; (5) raise new capital and increase our borrowing at acceptable costs; (6) manage changes in customers' forecasted requirements for our products; (7) continue investing in application and market development in a range of industries; (8) manufacture low-cost carbon fibers and profitably market them; (9) penetrate existing, identified and emerging markets; (10) successfully retrofit our recently acquired Mexican facility to manufacture acrylic fiber precursor and add carbon fiber production lines, and (11) manage the risks identified under "Risk Factors" in our filings with the SEC.
ZOLTEK COMPANIES, INC.
SUMMARY FINANCIAL RESULTS
(Amounts In Thousands Except Per Share Data)
(Unaudited)
Three Months Ended
------------------
Dec. 31 Dec. 31 Sept. 30
2007 2006 2007
----------------------------
Net sales $ 40,072 $ 30,285 $ 43,579
Cost of sales 29,313 22,434 30,584
Gross profit 10,759 7,851 12,995
Application and development costs 1,896 1,592 1,833
Selling, general and administrative
expenses 4,072 3,242 3,221
Operating income from continuing
operations prior to litigation charge* 4,791 3,017 7,941
Interest income 1,192 386 931
Interest expense related to
non-convertible debt* (101) (71) (334)
Other, net (142) (274) 154
Income tax expense 1,005 203 (1,182)
Income from continuing operations before
convertible debt expense and litigation
charge* 4,735 2,855 7,510
-------- -------- --------
Expense related to convertible debt
issuances* (2,131) (8,450) (3,451)
Litigation charge -- -- (5,400)
Income (loss) from continuing operations 2,604 (5,595) (1,341)
Loss from discontinued operations, net
of taxes -- (68) (503)
Net income (loss) 2,604 (5,663) (1,844)
Net income (loss) per share:
Basic and diluted income (loss) per
share:
Continuing operations before
convertible debt and litigation
charge* $ 0.14 $ 0.11 $ 0.24
Convertible debt charge* (0.06) (0.33) (0.11)
Litigation charge 0.00 0.00 (0.17)
-------- -------- --------
Continuing operations 0.08 (0.22) (0.04)
Discontinued operations 0.00 (0.00) (0.02)
-------- -------- --------
Total $ 0.08 $ (0.22) $ (0.06)
======== ======== ========
Weighted average common shares
outstanding - basic 33,756 25,945 31,542
Weighted average common shares
outstanding - diluted 33,956 25,961 31,542
* To provide transparency about measures of the Company's financial
performance which management considers relevant, we supplement the
reporting of Zoltek's consolidated financial information under
GAAP with "operating income from continuing operations prior to
litigation charge," "interest expense related to non-convertible
debt," "income from continuing operations before convertible debt
expense and litigation charge," and "expense related to
convertible debt issuances" which are a non-GAAP financial
measures. Operating income (loss) in accordance with GAAP was
$4,791, $2,541 and $3,017 for the first fiscal quarter of 2008,
fourth quarter of fiscal 2007 and first quarter of fiscal 2007,
respectively. These non-GAAP financial measures should be
considered in addition to, and not as a substitute or superior to,
the other measures of financial performance prepared in accordance
with GAAP. Using only the non-GAAP financial measures to analyze
our performance would have material limitations because their
calculation is based on the subjective determination of management
regarding the nature and classification of events and
circumstances that investors may find significant. Management
compensates for these limitations by presenting both the GAAP and
non-GAAP measures of its results. Zoltek believes the
presentation of these measures is useful to investors because
(1) they are indicative of the company's underlying business
performance, (2) the litigation charge in fiscal 2007 related to a
dispute with an investment banking firm in connection with certain
financing transactions; and (3) expense related to convertible
debt issuances (which amount includes amortization of debt
discount and interest expense) arises out of convertible debt
obligations that we expect will be converted into Zoltek common
stock if the market price of our common stock continues to exceed
the conversion price.
CONSOLIDATED BALANCE SHEET
(Amounts in thousands, except share and per share data)
(Unaudited)
December 31 September 30
2007 2007
-------------------------
Assets
---------------------------------------------------------------------
Current assets:
Cash and cash equivalents $ 63,649 $ 121,761
Restricted cash 23,500 13,815
Accounts receivable, less allowance for
doubtful accounts of $971 and $1,105,
respectively 31,997 37,495
Inventories 30,168 27,941
Other current assets 16,425 10,858
-------- --------
Total current assets 165,739 211,870
Property and equipment, net 240,566 188,801
Other assets 2,488 2,928
-------- --------
Total assets $408,793 $403,599
======== ========
Liabilities and shareholders' equity
---------------------------------------------------------------------
Current liabilities: Current maturities of long-term debt $ 12,982 $ 13,813
Trade accounts payable 15,193 17,253
Legal liabilities 24,384 24,543
Accrued expenses and other liabilities 7,793 8,305
-------- --------
Total current liabilities 60,352 63,914
Hungarian grant, long-term 8,828 7,969
Other long-term liabilities 4,173 4,098
Long-term debt, less current maturities 5,939 6,851
-------- --------
Total liabilities 79,292 82,832
-------- --------
Commitments and contingencies
Shareholders' equity:
Preferred stock, $.01 par value, 1,000,000
shares authorized, no shares issued and
outstanding -- --
Common stock, $.01 par value, 50,000,000
shares authorized, 33,653,735 and
25,652,982 shares issued and outstanding
in 2007 and 2006, respectively 339 337
Additional paid-in capital 480,260 476,205
Accumulated other comprehensive income 10,322 8,249
Accumulated deficit (161,420) (164,024)
-------- --------
Total shareholders' equity 329,501 320,767
-------- --------
Total liabilities and shareholders'
equity $408,793 $403,599
======== ========
OPERATING SEGMENTS SUMMARY
(Amounts in thousands, except share and per share data)
(Unaudited)
Three Months Ended December 31, 2007
------------------------------------
Carbon Technical Corporate/
Fibers Fibers Other Total
------ ------ ----- -----
Net sales $34,120 $ 5,033 $ 919 $40,072
Cost of sales 24,958 3,713 642 29,313
Operating income (loss) 7,816 83 (3,108) 4,791
Capital expenditures/Mexico
acquisition 12,062 316 102 12,480
Purchase of Mexico facility 35,000 -- -- 35,000
Three Months Ended September 30, 2007
-------------------------------------
Carbon Technical Corporate/
Fibers Fibers Other Total
------ ------ ----- -----
Net sales $35,323 $ 7,340 $ 916 $43,579
Cost of sales 24,420 5,613 551 30,584
Operating income (loss) 8,910 1,409 (7,778) 2,541
Capital expenditures 8,766 -- 1,858 10,624
Three Months Ended December 31, 2006
------------------------------------
Carbon Technical Corporate/
Fibers Fibers Other Total
------ ------ ----- -----
Net sales $21,121 $ 8,519 $ 645 $30,285
Cost of sales 16,476 5,671 287 22,434
Operating income (loss) 2,655 2,510 (2,148) 3,017
Capital expenditures 9,260 1,761 1,317 12,338
-0-
CONTACT: Zoltek Companies, Inc.
Zsolt Rumy, CEO
Kevin Schott, CFO
(314) 291-5110
3101 McKelvey Road
St. Louis, MO 63044 CONTINUED
Zoltek looking toppy on the daily charts in iBox.
tHANKS - i'LL TAKE A LOOK......about ready to dive into hw tomorrow maybe
Zoltek oversold on both weekly and daily charts. Bounce should be coming soon...
MarketGrader currently has a SELL rating on ZOLTEK COS INC (ZOLT), based on a final overall grade of 47.1 scored by the company's fundamental analysis. ZOLTEK COS INC scores at the 55th percentile among all 5442 U.S. listed equities currently followed by MarketGrader. Our present rating dates to August 7, 2007, when it was downgraded from a HOLD. Relative to the Specialty Chemicals sub-industry, which is comprised of 42 companies, ZOLTEK COS INC's grade of 47.1 ranks 22nd. The industry grade leader is LANDEC CORP (LNDC) with an overall grade of 80.3. The stock, up 29.98% in the last six months, has outperformed both the Specialty Chemicals group, up 16.39% and the S&P 500 Index, which has returned 7.58% in the same period.
As more and more products use Carbon Fiber, ZOLTEK will continue to increase pps. I have had it since under $5. Not a day trading stock. I believe CF will replace much of our structural materials including steel in auto and commercial construction. It already is changing the way designers and engineers think their business.
Zoltek does not really make Aero grade CF, and that is not their focus. There are much bigger fish to fry.
This is a long term hold. Now is a good time to accumulate, on these dips.
GLTY
HOW DOES A COMPANY LOSE MONEY WITH SUCH A HIGH DEMAND FOR CARBON FIBER? ME THINKS POOR MANAGEMENT.
STILL LOOKING FOR A GOOD MANUFACTURER OF CARBON FIBER CATERING TO AEROSPACE.
THIS ONE ISN'T IT..................YET. iF IT GOES DOWN ANOTHER %25 i MIGHT CONSIDER IT.
This stock follows crude oil, heating oil and natural gas. Usually?? Because they supply the carbon fibers to some manufacturers of wind generator props and other lightweight materials. Low float make some large moves north or south. Nice trading stock.
I checked that stock out. Looks like they started making a profit in 2005. What's really interesting to me, is that they only have about %5 Institutional investors, but the ones they have are BIG NAME investors. Haven't looked yet, but probably in mutual fund portfolios. Pretty high PE. This looks promising so far. Will watch - thanks!
thanks. Will check it out.
Nice thing about etrade you can use the Analysts reports to find other companies. I like the Reuters research.
stock symbol SGG also manufactures Carbon fiber. I believe it is in Germany.
A little footnote at Etrade when quoting says "* Nasdaq FSI: Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements"
Where did you find this info? Looking at Zolt's past filings they have been late a number of times. It looks current today. Maybe it has to do with this last press release? I believe it has til the middle of this month to file its 10k.
Nasdaq FSI: Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements.
I found this about zolt. What does it mean?
I'm looking for a company that manufacturers carbon fiber and came up empty except for ZOLT. Aerospace is sucking it up, big time. Any info on this company would be great. Who are some of their main customers? Are they an aerospace supplier? Do you know of any other companys that do this ? Is this their primary product?
Not looking for a conglomerate, like Dow Chem or DuPont. Got that.
Thanks!
i'm wondering when the next major pullback will occur. i've been trading this and let go of more of my core than i wanted to, so i'm waiting for a leg down to load the boat. then again, if you take a look at NVDA or BXP some stocks never do that!
Have bought and sold this one man y times over the years.First noticed it when it rocketed to $50+ back in the late nineties.
I'm just wondering what fair value for this stock might be,and when will Zolt finally be profitable?
futrcash
New contracts, expansion of production lines, new COO, expanding uses for carbon fiber. This stock is poised to rocket!
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Corporate Profile |
In the world of materials, carbon fiber has emerged as the ultimate team player - one that works miracles in reinforcing other materials and lifting them to new levels of performance.
At Zoltek, we view our role in a similar light.
Our objective as a company is to lead the commercialization of carbon fiber as a primary composite building material. It is our goal to help others achieve new levels of performance across a range of products. Carbon fiber reinforced composites are remarkable in their performance characteristics and properties that include high strength, low weight, high stiffness, corrosion resistance, heat resistance, and electrical conductivity.
Another important characteristic of carbon fiber is its versatility. Carbon fiber has the ability to work with an assortment of different materials, including other fibers, plastics, metals, wood, and concrete. As a result of this versatility, it is impossible to postulate all of the potential uses of carbon fiber in maximizing performance and lowering life-cycle costs across a range of consumer and industrial products, and across all types of construction.
Zoltek has become the worldwide leader in rated capacity for producing carbon fiber by making low-cost, high performance carbon fiber through a proprietary continuous carbonization process. Using this knowledge, it is well within our power to truly open the floodgates of demand across a variety of industries.
Wind Energy
Without a single blade failure since it was adopted in 2004, Panex 35 has become the dominant carbon fiber in wind energy.
Automotive
This front end was made with Panex 35 continuous tow carbon fiber via direct injection molding; it was produced in less than 60 seconds and weighs less than 10 pounds.
Other Applications
-Offshore Drilling
-Infrastructure
-CNG/Pressure Vessels
-Thermoplastic Compounding
-Marine
-Energy Storage
-Friction
-Sporting Goods
Shares Outstanding: 34,368,000 | |||
Float: 27.7M Corporate HQ 3101 McKelvey Rd. St. Louis, MO 63044 SEC Filings News |
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