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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 checkingfacts66on Mar 14, 2014 1:00pm
188 Views
Post# 22324228

RE:RE:A $56 Million Question

RE:RE:A $56 Million QuestionThe amounts submitted by AOS is based on the costs incurred to adminster the leases, by the old management team.  The team we kicked out as they were burning too much money per month.  So if we think it was too high, how much of it do you think the government is going to accept?  

The AOS claim is not just the cost paid for the leases, it includes their claims for costs incurred while managing them.  The government clearly has a problem with the amount or this would be done by now.
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