\m/-_-\m/
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
JPM Dec 22 '12 $44 Call @.15
Thanks, will do! Still trying to hit one of these Earnings lottos to jump start my account :) Will definitely post if I get wind of anything tho.
Just wanted to send a quick Thank You to the board. I've been following for a couple weeks and was able to make some nice gains on SODA, SHLD and then today on AAPL. You guys got a good group here. Oh and I sighed up for the email alerts which is how I got the scoop on SHLD for a quick double the other day. Thanks!
Which way you think AZO will go? I was eyeing those 350 puts.
Cool, I'm going to paper trade around that Max Pain level see if I can get a system down.
Hey you think there is any value to this???
http://www.maximum-pain.com/max-pain.aspx
Max pain theory ays that the option writers will hedge the contracts they have written. In the case of the market maker, the hedging is done to remain neutral in the stock. Consider the market makers position if he must write an option contract without wanting a position in the stock. As the maturity date approaches, the stock price changes. In addition, contracts may be closed by the option buyers. As a result the option writer must rebalance his hedges. This rebalancing is an effort to hedge the open contracts, thus maintaining a state where the least amount of money will be paid out. Rebalancing of positions in the stock provide pressure on the price to close at the max pain point.
Hmmm trying to shake out the weak hands or did someone get wind of earnings early??? I'm going to hold and see.
Thanks for the heads up, was able to snag some .80s. Are you holding into earnings?
Mini Options coming soon...
http://www.optioncast.com/options-news/mini-options-coming-march-18/
Yeah I hear ya. I haven't been too active either really, just monitoring my 401k and trying to figure out options trading. I am holding some LNDC long term, should have a good 2013.
Happy holidays to you as well!
What's up Bronson! Getting back into the "trading season"?
Wow nice up trend on that one! LNDC giving a little back today, nice to see. AAPL, geez those Dec calls would of been amazing!
Hot damn! Good call indeed. I was looking at some slightly OTM Dec calls. Soo expensive tho plus all funds tied up too. Nice to watch tho!
Nice! Fib EMA Hmmmmm
Yeah WAY over sold. Did you pick up any?
Interesting POV's on the board.
http://investorshub.advfn.com/boards/board.aspx?board_id=64
Yeah that's me ( the poor that is :) luckily I still adjust my 401k daily. I was primarily bonds at the top
Now I'm almost 75/25 stocks bonds. Ready to ride the next wave up! Well if there is a next wave haha still helps to minimize direct blows and it's commission free.
Nice! What's the saying? Insiders can sell for many reasons but they buy for only one...
Another hit to the markets...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81481385
MWA is FLOATING nicely. Had some 2.50's a while back prolly should of held. I think my problem is I don't have a lot of $$ to invest with keep hopping in and out of trades and get eaten alive by comissions. Need to buy and hold grrr wish I could convert my 401K to an IRA and diversify and hold.. I'll get there one day.
Looking good so far this AM... Nice little news too!
Hmmm nice risk/ reward too. Maybe pick up a hundo or two worth could be good for a double??
I think your right, chart looking like a good time to add. Ill pick some more up Monday AM.
Nice candle glance!
Yeah Sandy was mean. I hope you didn't get hit too hard by her. I know Atlantic City did and you not too far from there. A lot of people still with out power and it's cold, that sucks.
Yeah could be a good call on averaging down. I just watched today (in disbelief...) Luckily adjusted my 401K yesterday to 70/30 bond / stock, had a feeling Obama would win again. Was reading something that the market tanked 5% day after he won 4 years ago.
Lot of buying opps though, hopfully just a one day reaction.
http://stockcharts.com/freecharts/candleglance.html?bac%2Clndc%2Carsd%2Caapl%2Cspy%2Csoda%2Cvix
ARSD hit hard too, maybe play a bounce tomorrow? we'll see what happenes.
How you holding up man? 4 more years and your portfolio taking it on the chin...
Good news for VHC today tho AAPL way down.
Bouncing now... Seems to be high short interest per Etrade. Can anyone else confirm?
Shareholder Equity
Shares Outstanding 20.1 M
Institutional Ownership 94.33%
Number of Floating Shares 18.0 M
Short Interest as % of Float 47.39%
Yeah man idk what's up. Whole market started to fade into the close. Maybe presidential uncertainty??? Two trading days away. Gonna keep some cash on hand just in case.
Damn yeah chart is looking real nice! Holding 100 shares prolly pick up another 50 or so tomorrow.
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.
haha yeah please do! QQQ down .64% right now .21 on those calls...
Already done! Thanks for lookin out. Not TOO bad of a hit, still hurts tho.
Over the weekend, Barron's magazine published their periodic "Big Money Poll", with the following highlights:
-44% classify themselves as bullish, 22% as bearish.
-U.S. inflation rate expected to be 2.2% in 2013.
-Best performing sectors will be Technology and Financials.
-Worst performing sectors will be Utilities, Financials, and Consumer Cyclicals.
-Best stocks are IBM, JPMorgan Chase, GE, and Microsoft.
-Worst stocks are Sears Holdings, Facebook, and Salesforce.com.
-It will take five years to resolve the European financial crisis.
-Current asset allocation is 69% stocks, 22% bonds.
-Bullish on real estate, stocks, gold, and commodities.
-Bearish on bonds, cash, and commodities.
-2012 U.S. GDP will be 2%.
-The U.S. stock market will be the world's best over the next 6-12 months.
-The 10-year U.S. Treasury note will yield 2% six months from now.
-President Barack Obama will win reelection.
-Mitt Romney would be better for the economy and stock market.
-Entitlement reform is the most important issue for the next administration.
-54% say that the White House and Congress will postpone a "fiscal cliff" decision.
Did you know that, due to a 52% decline in the value of the U.S. dollar since 1985, Gross Domestic Product has increased just 4.8% per annum over the past 20 years, while U.S. corporate profits have exploded at an 8.8% annual rate? Or that in 2009, just 32.5% of taxpayers claimed itemized deductions on their tax returns?
Soooo what's the equation to calculate theta for national disasters? Odds are I'm going to get slaughtered tomorrow either way...
Oh well you live and you learn. Will stay away from weeklies going forward.
Not sure if you're in sandy's path, but if so be safe man.