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A O Smith Corp V.AOS


Primary Symbol: AOS

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.


NYSE:AOS - Post by User

Comment by alasslon Nov 28, 2013 10:44am
214 Views
Post# 21949772

RE:No deal with Crecendo

RE:No deal with Crecendo
All I can say about that is: "Thank goodness for that!" I recall B. Vu discussing the cold-flow potential of Algar Lake in his August intervies. And if at the time farm-out was signed, AOS had no idea this C$56M cash windfall would be coming and agreed to part with whopping 75% of the project for mere C$2M cash consideration and two drills, I sincerely hope they know better now.

If indeed Algar holds the cold-flow potential, this should be one of AOS focuses (the other being making the best use of NCIB to put continuous upward pressure on the share price, while at below-cash mark - even the buyback of 10% of outstanding shares would be significant and would obviously be of benefit to all longs here, myself included).
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