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I had another bright idea. I checked who

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PBGoodwill   Saturday, 06/30/18 10:11:06 PM
Re: littlejohn post# 28
Post # of 53 
I had another bright idea. I checked who was the T/A and it's continental:

https://www.otcmarkets.com/learn/service-providers/2378?t=6

I checked 3 random tickers from their list and all 3 of them had TA verified yesterday. So it's not a TDYT thing, it's a Continental thing. I still don't understand why it does that but that's not a lead to follow.

So for fun I googled "mueller industries turbotec" and found this:

Quote:
We represented Turbotec Products Inc. in its acquisition by Mueller Industries (NYSE: MLI) for $14,200,000.

Turbotec Products Inc. specializes in heat transfer technology. Mueller Industries, Inc. is a leading manufacturer of copper, brass, plastic, and aluminum products.



http://www.bassberry.com/experience/turbotec-products-acquired-by-mueller-industries


Thermodynetics is mentionned here but I am not 100% certain of what is context. It's an online book called "Valuation Handbook - U.S. Guide to Cost of Capital"... industry risk premia?
https://books.google.ca/books?id=208nDwAAQBAJ&pg=PA69&lpg=PA69&dq=mueller+industries+%22thermodynetics%22&source=bl&ots=RRRsUInWGM&sig=tIYaUkQ_shtGMIUUkm4IyS4uflA&hl=en&sa=X&ved=0ahUKEwjC58KE5PzbAhWF7oMKHRNKCsoQ6AEIKzAA#v=onepage&q=thermodynetics&f=false

Turbotec is mentionned in one of Mueller's SEC filings:
Quote:
On March 30, 2015, we acquired 100 percent of the outstanding stock of Turbotec Products, Inc. (Turbotec) with locations in Hickory, North Carolina and Bloomfield, Connecticut. Turbotec manufactures coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets.

On June 18, 2015, we acquired all of the outstanding membership interests of Sherwood Valve Products, LLC (Sherwood) with locations in Washington, Pennsylvania, Valley View, Ohio, and Brooklyn, Ohio. Sherwood manufactures valves and fluid control solutions for the HVAC, refrigeration, and compressed gas markets.

The acquisitions of Westermeyer, Turbotec, and Sherwood complement our existing refrigeration business.



Quote:
As indicated in the accompanying Management's Report on Internal Control over Financial Reporting, management's assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of Turbotec Products, Inc., Sherwood Valve Products, LLC, or Great Lakes Copper Ltd., which are included in the 2015 consolidated financial statements of Mueller Industries, Inc. and constituted $152.8 million and $106.9 million of total and net assets, respectively, as of December 26, 2015, and $128.0 million and $5.9 million of net sales and operating income, respectively, for the year then ended. Our audit of internal control over financial reporting of Mueller Industries, Inc. also did not include an evaluation of the internal control over financial reporting of Turbotec Products, Inc., Sherwood Valve Products, LLC, or Great Lakes Copper Ltd.



Quote:
The decrease in net sales in 2015 was primarily due to lower net selling prices of $79.3 million in the segment's core product lines, primarily brass rod, forgings, and commercial tube, and lower unit sales volume of $69.6 million in the segment's core product lines. These decreases were offset by $16.8 million of sales recorded by Turbotec and $20.8 million of sales recorded by Sherwood.



https://www.sec.gov/Archives/edgar/data/89439/000008943916000038/q4_2015_form_10-k.htm

And finally for now,
https://www.bloomberg.com/profiles/companies/9785330Z:US-turbotec-products-inc

As you can see Turbotec is said to be a private company but there the CEO is the same CEO as TDYT.



So... I don't know. :P

How to verify if that possible 21% stake in Turbotec is worth something for the public?

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