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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 theTransporteron Apr 30, 2014 11:57pm
208 Views
Post# 22510819

RE:Annual report out on SEDAR

RE:Annual report out on SEDARLooks like they officially wrote down $51 million in assets on the books in 2013 for the expropriation of Clearwater and will declare the compensation as revenue in 2014's books.

There will not be news of the compensation status in the financial statement as they can only state the facts.  We'll see the compensation news come in a news release upon AOS getting final settlement from the government.

I must say they did a great job and significantly reducing the operating costs and administration of the organization to a fraction of what it was the year before.   There is just a little bit of cash left in the till ($1.5 million) which should hopefully last them until they get the compensation without having to create any sort of debt.

I personally think the best move would be to sell off the entire company once they get the cash.  
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