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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 Jun 04, 2014 3:12pm
223 Views
Post# 22630439

RE:RE:Don't worry....be happy

RE:RE:Don't worry....be happyI don't disagree with a lot of what fcabrese says except the 2nd presumption.  You presume the claim is for $50 million, unless the numbers are fraudulent.  I understand what you are saying, but that isn't the problem.  The numbers do not have to be fraudulent to be rejected.  For example, if AOS put in items in their claim that the government says they would have incurred no matter what - and that could include management fees, or salaries, or overhead costs.  That can be a grey area.  And much of the costs that were submitted were expenses incurred with the old board, which was replaced for spending too much.  So we are talking out of both sides of our mouths if we say the old board spent too much, but then we want the government to make restitution of what they spent.  

I think we have a real concern, as shareholders, about what the government will approve.  So I agree there is a claim, and it will get processed.  I disagree that we can use $50 million as our starting point.  

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