OTCPK:PILBF - Post by User
Post by
aggmanon Nov 11, 2015 6:20pm
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Post# 24282760
Q3 - aggs read
Q3 - aggs readI listened to the tape; whilst in the past I have been in agrrement with amgn68's frustrations - I think he is valid to still voice them. As, on one level - promises have not been kkept - or alternatively expectations were set too high.
The profitability on lower volumes (-29%) confounds me in a good way. As it is a fixed cost game - i struggle to understand why they were not more profitable last year at 1M tons/quarter. Yet attractively profitable on 740K tons/q.
The market picture in NoCal is good - the skyscrapper is impressive and if they get more of that - then they can push price harder and higher on other customers - so I think the future in NoCal is bright.
PoLB - seems as though many bids are out - so may they land those and get to the 500K level in 2016.
I think Herb is coy - I think in response to a question of When they hit 6 million he sandbagged it by a year - they could be at that level in 2017 by adding all the pieces together. And good of the very solid Ken Palko to be giving more detail on BlackBear. Now the expectation is - it is 1-2 years away.
next 2 years look good; agreed teach and slim - patience is going to really pay-off here.
Do not sell down Amgn68 - I do not see why, now.
Agg