Eagle-Picher Corp. (fka EGLP)

[Long-vestor]

this is quite interesting.. I live in Joplin Mo.. Eagle pitcher makes the batteries for the patriot missiles as well. But what's interesting is back in 1995 or so, I nearly bought a boat load as it went from $54 to .10 cents. This was because the Eco super-fund won a suite against them for environmental waist. Joplin was a lead and Zinc miners town since the 1870's, wild and crazy place back then, like the gold rush in the 1850's.. But after WWI the riches from lead ran out.. Eagle pitcher remained and apparently concentrated their efforts in batteries and other things, obviously as they are well deversified, located in many more cities other than Joplin.'

Anyways, they had to pay to replace the dirt throughout most of the area, region. My yard's dirt was replaced then, as were 1,000's.. A tiny micro of lead and you get a whole crew digging the dirt and sodding a new lawn,, such a deal..

There's a whole town near by, Pitcher Oak.. it' so bad there they moved the city,,,, bought the home owners out.. did not actually move it,, but virtually closed..

So, I called them asking about the stock, lucky I DD-ed..

A company in Germany bought them out, saved them from further expenses, as the story goes.. this would be why, as noted in a few posts, Forgien company is seperated.. The German owners are without blame in the event further suite arise from lead poisoning or contamination..

It was delisted shortly after.

But it's back?

How, why, when? And when did the relationship between the buyers in Germany discontinue??

This is a bit confusing. I am not in Joplin to check on this currently.. But has anybody throughly DD-ed this stock??

Except for the heavy relationship with a possibly over burdening union,, shoot,, Eagle pitcher,, might be one of the most valuable potentials for up and coming auto electric battery suppliers.. Unless the German company owns all of the rights or income from potential revenue too..



Humm>> serious knowledgeable answers only please...



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For decades, Eagle Picher was the largest employer in the district. But to fully appreciate the amazing history of the company, we must follow the different threads that joined together to form it. First we must go back to 1873, when Moffet and Sergeant operated 14 lead furnaces along the banks of Joplin Creek. Smoke from the smelters spewed forth and poisoned trees and shrubs for miles around. Professor E.O. Bartlett, who lived in Pennsylvania, had been tinkering around with an idea to collect smelter exhaust, filter it, and treat it to produce white lead. He came to Joplin to experiment and to secure financial backing. After Moffet and Sergeant invested $75,000 in the plan, Bartlett established the White Lead Works at the Lone Elm smelter in 1877. His "sublimed white lead " process, which revolutionized the handling of ore, produced a highly durable lead-based paint. The U.S. government purchased the paint, which was impermeable to sea water, to protect its battleships. A terrible loss occurred in 1880, when the White Lead Works burned to the ground. Luckily, the 250 employees inside managed to escape as numerous fires engulfed the plant. The $300,000 loss did not set the Lead Works back for long, however, as it rebuilt the following year. Meanwhile, Oliver and William Picher had organized the Picher Lead and Zinc Company on 1,200 acres of prime mineral land in 1875. In 1886, the Pichers purchased Moffet and Sergeant's Lone Elm operation and gained exclusive rights to produce white lead from smelter exhausts. In 1889, the company reorganized as Picher Lead Company, with E.O. Bartlett as general manager, and set to work expanding into mine fields in Webb City and Galena, Kansas. With a workforce of 1,400 men, Picher Lead dominated the smelting industry in the Joplin area. It was the only plant in the world producing sublimed white lead; the uniformly-white pigment, unequalled in stability that would not corrode, crack, or peel. In addition to the 7,000 tons of paint shipped out annually, the company also manufactured 10,000 tons of lead molded into 80-pound pigs. In 1914, Picher Lead began testing a body of ore found on Quapaw Indian land in southeast Oklahoma. Eagle White Lead Company of Cincinnati, Ohio carried out the drilling. With the discovery of rich deposits as a catalyst, the two companies decided to officially merge in 1916. The Eagle-Picher Lead Company applied to the Bureau of Indian Affairs to obtain a lease to mine approximately 3,000 acres of Indian land. The new mining camp, called Picher, thereafter produced over 90% of the entire lead output of the region. In less than four years, Picher's population swelled to 8,000 people. Eagle-Picher's central mill, one of the largest and most modern mining plants in the world, produced 15,000 tons per day. In addition to its production of lead oxides and red lead for battery manufacture and glassmaking, the company also maintained specialized laboratories for research and development in metallurgy. As mining began to phase out, Eagle-Picher branched into other industries. The company, which had first established a battery research lab in 1912, became the country's most recognized innovator in battery technology. By the time NASA inaugurated its space programs, Eagle Picher batteries played a vital role. They helped power manned missions to the moon and were part of the unmanned Pathfinder and Sojourner missions to Mars. The company also manufactured batteries for Patriot anti-missile systems and the Tomahawk cruise missile. Some of the company's other product lines have not ended well. From 1934 to 1971, Eagle-Picher produced asbestos-laden cement for the U.S. government. Two billion dollar claims in asbestos lawsuits forced the company to file for bankruptcy in 1991. Eagle-Picher reorganized in 1996. Sources: Draper, William R. and Mabel. Old Grubstake Days in Joplin. E. Haldeman-Julius, 1946. "Eagle-Picher Sale End of An Era." http://www.cincypost.com/business/1998/eagle010698.html (accessed 9/16/2004)Frisco Railroad Co. "Klondike of Missouri." 1898.Knerr, Douglas. Eagle-Picher Industries: Strategies for Survival in the Industrial Marketplace, 1840-1980. Columbus, Ohio: Ohio State University, 1992.North, F.A., ed. The History of Jasper County, Missouri. Des Moines, Iowa: Mills, 1883. "Picher Lead Company Records, 1875-1918." http://web.umr.edu/~whmcinfo/shelf9/r210/info.html (accessed 9/16/2004)Shaner, Dolph. The Story of Joplin. N.Y.: Stratford House, 1948. "The Way We Were." Joplin Globe. February 23, 2000.Williams, Walter. The State of Missouri: An Autobiography. Columbia, Mo.: Stephens, 1904.
Subject Eagle-Picher (Joplin, Mo. Mines and Mineral resources-- Missouri--Joplin; Lead mines and mining--Missouri--Joplin; Zinc mines and mining--Missouri--Joplin;
Date-Creation circa 1906