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Author Topic: PLNI - Plasticon International, Inc.
YellowSubmarine
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Plasticon International, Inc. (Pink PLNI): has been in the recycled plastics business for 17 years. The company's line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states. Specifically, the company offers for resale: ..1. Rebar supports ..2. Plastic lumber ..3. Plastic signage (i.e.; highway and state signs) ..4. Office products including file folders and binders ..5. Impermeable concrete-like products made from recycled glass.
Investor's Business Daily article: http://www.investors.com/corporatenews/nw111.asp
Basic Due Diligence Post: http://www.siliconinvestor.com/readmsg.aspx?msgid=21282767
Website: http://plasticonintl.com/ ..RTQ's & L-II: http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI

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YellowSubmarine
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PLNI -- Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders
After Completing the Acquisition of ProMold, Inc. on November 9, Plasticon Will Begin a 6 Day Per Week, 24 Hour Per Day Production Cycle to Meet Demand
10/26/2005 8:30:34 AM

LEXINGTON, KY, Oct 26, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PLNI) announced today that upon completion of the acquisition of ProMold, Inc. on November 9th, the company will adopt a 6 day per week, 24 hour per day production cycle to meet increased demand. ProMold, Inc. currently has a $1 million backlog of orders.

"The quality of ProMold's molding products is second to none in the industry," Mr. Turek said. "The recent natural disasters that destroyed billions of dollars of property in the U.S. led to a dramatic increase in construction projects and this in turn has led to increased demand for high-quality construction products. We project that demand will be on the rise for the foreseeable future. The recent $1 million backlog of orders for ProMold's products demonstrates that they are highly sought after in the industry. Again, we are looking forward to completing this transaction, which will dramatically increase our production capacity and add to our bottom line. Upon completion of the acquisition, we will immediately work to fulfill these orders."

Mr. Turek also mentioned that ProMold, Inc. is currently profitable and has contracts that are worth close to $5 million annually. "ProMold, Inc. is one of the premiere injection molding companies of the Midwest. When Plasticon takes over the ProMold facilities, we will be able to reach up to $20 million in production and sales annually as is. And with the addition of the new high-capacity molding machine that we recently purchased, the plant will now be able to produce up do $28 to $30 million in production and sales annually," Mr. Turek said.

Mr. Turek will be appearing on American Scene Radio with Steve Crowley on Thursday, October 27 between 9:10 and 9:30 AM to discuss the ProMold, Inc. acquisition and other recent developments with the company. (The program can be accessed at www.americansceneradio.com) For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

Plasticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Matt Maguire
Ph: 866 843 2775
SOURCE: Plasticon International Inc
http://www.plasticonintl.com

.

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YellowSubmarine
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PLNI -- Plasticon to Complete Acquisition of SEMCO Manufacturing on November 17th
CEO Jim Turek: SEMCO, a Pioneer of Resurfacing Technology, Will Be a Major Profit Center for Plasticon
10/27/2005 8:32:35 AM

LEXINGTON, KY, Oct 27, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PLNI) announced today that the company will meet with SEMCO Manufacturing, Inc. on November 17th, 2005, to complete the privately financed acquisition.

"The final product review stage of SEMCO's surfacing technology is finished and we look forward to completing this acquisition on November 17th," said Jim Turek, President and CEO of Plasticon International, Inc. "This acquisition has generated a lot of excitement because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, will represent the most advanced waterproofing solution in the marketplace today for the construction industry. SEMCO's products are recognized as the best of breed surfacing products and technology in the United States. SEMCO's reputation as a cutting-edge surfacing technology company has also extended oversees. As a result they have opened offices in Japan, China, Singapore, and Australia to meet demand."

Because SEMCO's advanced surfacing technology is both unique and essential, Mr. Turek believes that SEMCO Manufacturing will add tremendous value to Plasticon's bottom line. "SEMCO's water-based resurfacing products, which cross-link chemically to any material they are being bonded to, reinforces the density of virtually any surface, including concrete, tile and wood to name a few. There are almost endless applications for their cutting-edge products. That's why we are confident that SEMCO will be a major profit center for Plasticon."

According to Mr. Turek, Plasticon has already received serious inquiries from ten major licensees who are interested in distributing SEMCO's products. "Since our announcement about the letter of intent to acquire SEMCO, we have been inundated with phone calls and inquiries about SEMCO's product line. In fact, we already have ten potential regional licensees lined up to distribute SEMCO's products. The reason for this is simple: SEMCO's products are both essential and unique. They have the only product on the market which truly prevents water damage. This problem has always plagued the construction industry and costs the U.S. billions of dollars annually."

Mr. Turek noted that the product synergies with Plasticon's existing recycled plastic rebar support product line and SEMCO's surfacing products will allow Plasticon to immediately begin offering SEMCO's products to existing customers. "SEMCO's surfacing products add years to the life of the structure by eliminating the absorption of water into concrete. Until now, water damage has corroded the metal rebar support which has been used in bridge construction in the past. The combination of Plasticon's rebar supports, which are impervious to water because they are made from recycled plastic, and SEMCO's surfacing products, which completely waterproof the structure they are bonded to, is unprecedented in our sector," Mr. Turek said. "These two products, offered together, give Plasticon an enormous competitive advantage. We will be the only company in our sector that can offer a truly comprehensive waterproofing solution to the construction industry."

SEMCO Manufacturing, based in Las Vegas, Nevada, since 1981, has provided their surfacing products to many of the city's most impressive showcase projects, including the world-famous fountains at the Bellagio, Las Vegas's premier hotel-casino, the MGM Grand and The Venetian Hotel-Casino. Their eclectic customer base also includes high-profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects to the Bioshpere project, where the SEMCO team provided the materials for the creation of a lush, fully functioning indoor rainforest. SEMCO's product line is noted for its incredible durability which is why it is used on heavily trafficked walkways, in extreme outdoor weather conditions, in chlorinated pool water and on rugged exteriors.

For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

Plasticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Matt Maguire
Ph: 866 843 2775

.

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YellowSubmarine
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Heads-up..!!! Here's an opportunity to glom-up on some "..super-cheapie-shares.." of PLNI..!!!

Some bogus information (..based on some typo's at some stock registration agent; unintentional or intentional to be determined on Monday..) has been floated on numerous WWW stock discussion systems this weekend. Accordingly, I spoke with one of PLNI's management team on Saturday afternoon, and the matter will be 'satisfactorily resolved' on Monday-Tuesday.

This situation wreaks of outside manipulation to me, because PLNI is extremely close to exploding onto the scene with two new production plants (..deals being closed over the next 10 business days..), several new high-output production machines that have already arrived, huge back-orders for their products from Georgia-Pacific/Blue Links to fill their distribution warehouses nationwide, and their products are already approved by the US DOT and State DOTs all over the country for highway and bridge construction. They also manufacture recycled "..last forever.." plastic 2x4s for building decks, gazebos, etc. http://plasticonintl.com/

I'm expecting a nice dip in the PPS on Monday - based on the mass BASH - until this phony tempest in a teapot can be dealt with by the company. You can 'play it' for a quick gain if you like. However, I expect PLNI to be $0.05 to $0.06 reasonably soon, so BUY & HOLD is my 'Reco' on the company.

SEC Filings and OTCBB application will immediately follow the closings on the purchase to the two new injection molding plants, as that's what has held up the finalization of their audit.

Opportunities are where you find them, aye..........

.

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YellowSubmarine
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Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility
Injection Molds Have Been Independently Valued at $10 Million
10/31/2005 8:30:32 AM

LEXINGTON, KY, Oct 31, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PLNI) announced today that on October 28, the company moved its wholly owned inventory of injection molds to the Pro Mold, Inc. production facility, to prepare for the completion of the acquisition of Pro Mold on November 9th. The inventory of injection molds has been independently valued at $10 million.

"We want to be prepared to immediately get into production the day after closing the acquisition," said Jim Turek, President and CEO of Plasticon International. "That is the main reason why we decided to move our inventory of injection molds in advance. There is a $1 million backlog in orders for Pro Mold. Additionally, demand has been increasing for our patented recycled plastic rebar support products, so we are very anxious to hit the ground running with our new facility. Acquiring Pro Mold, Inc. is a milestone in the history of the company. Plasticon will no longer rely on contract manufacturing from this point forward. This is the first time that Plasticon will control the manufacturing process from start to finish through its own wholly owned production facility."

The new production facility allows for $20 million in production and sales annually at present production capacity, and $8 million to $10 million in additional production capability with the recent purchase of several new Toyo machines. The total production capacity for the facility in the first year will be between $28 million to $30 million.

For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.

About Plasticon International, Inc.

Plasticon International www.plasticonintl.com designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

Plasticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Matt Maguire
Ph: 866 843 2775

.

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YellowSubmarine
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Phony BASH-rumors squelched by Management...!!!

Plasticon International (PK: PLNI) -- Urgent Need to Clear Up a False Rumor

It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.

In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

.

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YellowSubmarine
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Plasticon to Commence Manufacturing at Pro Mold Facility on November 10th
11/9/2005 8:32:05 AM

LEXINGTON, KY, Nov 09, 2005 (MARKET WIRE via COMTEX) -- Plasticon International Inc. (PLNI) announced today that the company will commence manufacturing at the Pro Mold, Inc. production facility in St. Louis, Missouri, on November 10th.

"For the first time in the history of the company, Plasticon will control the manufacturing process from start to finish, which will allow us to control our own destiny through the Pro Mold production facility," said Jim Turek, President and CEO of Plasticon International. "From this point forward, we will no longer rely on contract manufacturing. This is an exciting milestone for Plasticon." Next week, Plasticon will webcast a video tour of the entire plant. Mr. Turek will be present to start the new state-of-the-art 500-ton Toyo molding machine, signaling the beginning of Plasticon's control of the facility. "We will now control the entire manufacturing process, from molding the recycled resins, shaping them into innovative recycled plastic products and delivering the final product to the field," Mr. Turek said.

According to Mr. Turek, there are several major advantages to acquiring the Pro Mold facility. "First, the new plant will allow the company to offer enhanced service to our customer base through faster turnaround times on orders. Secondly, the new plant will give the company more direct supervision of quality control issues. Third, it will allow us to meet increased demand. Demand has been steadily rising for our most recently patented product, the PAC Chair III, as well as our additional recycled plastic rebar support products. The new facility allows us to control the process and effectively meet demand. Additionally, there is currently a $1 million backlog in orders for Pro Mold, which will need to be met as soon as possible. Fourth, the facility will allow us to produce custom-made orders, which will allow for expanded sales opportunities. We are looking forward to getting started on November 10th."

The new production facility allows for $20 million in production and sales annually at present production capacity, and with the addition of several new Toyo machines, production capacity can be pushed to between $25 million to $28 million annually.

For more information about the Plasticon International and for important updates, please visit the Plasticon web site online at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

Plasticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Matt Maguire
Ph: 866 843 2775

.

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YellowSubmarine
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WOW - How about this for some great "..PLNI-related.." industry News:

Georgia-Pacific in $13 billion takeover
Paper products maker to be bought out by privately-held Koch Industries.
November 13, 2005: 5:44 PM EST

NEW YORK (CNN/Money) - Georgia-Pacific Corp., the maker of Brawny paper towels and Dixie Cups, Sunday said it agreed to be bought by Koch Industries, Inc. for $13.2 billion.


The deal will make the paper and building products maker a privately held, wholly owned Koch subsidiary. It will continue to be based in Atlanta.

The deal, at $48 per GP share, represents a 39 percent premium to Georgia-Pacific (Research) shareholders based on the closing price of its shares on Nov. 11, the company said. Koch will also be assuming Georgia-Pacific debt, bringing the total value of the deal up to $21 billion. The cash tender offer for GP shares will begin November 18.

"This transaction is the most dramatic step yet in Georgia-Pacific's history and its transformation. We are pleased it offers very significant, incremental value to our shareholders, as is warranted by our company's tremendous assets and talented employees," said A.D. "Pete" Correll, Georgia-Pacific chairman and chief executive officer, in a statement.

Georgia-Pacific is one of the world's leading manufacturers and marketers of tissue, packaging, paper, building products and related chemicals. With 2004 annual sales of approximately $20 billion, the company employs 55,000 people at more than 300 locations in North America and Europe.

"As a wholly owned Koch subsidiary, (Georgia-Pacific) will benefit from our historical practice of reinvesting up to 90 percent of earnings in our businesses," said Charles G. Koch, chairman and chief executive officer of Koch Industries, also in a statement. "We have extensive experience with cyclical, highly competitive businesses and the ability to commit appropriate resources to enhance the company's assets and pursue a growth agenda."

Koch Industries is based in Wichita, Kan. It owns a diverse group of companies offering products ranging from petroleum, chemicals, energy, fibers, fertilizers, pulp and paper, ranching, securities and finance.

http://money.cnn.com/2005/11/13/news/fortune500/gpkoch/?cnn=yes

***************************************************

Koch is absolutely freakin' HUGE - which should more than double the potential worldwide contacts and opportunities for PLNI..!!!

"...BUY or CRY..."!!! The last of the cheap shares will go quickly...!!!

.

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YellowSubmarine
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Georgia-Pacific ends frustration with public listing
By Jeremy Grant in Washington and Andrew Ward in Atlanta
Published: November 13 2005 23:14 | Last updated: November 13 2005 23:14

Koch IndustriesGeorgia-Pacific’s frustration with life as a publicly-listed company was clear as early as March this year, when Pete Correll, chairman and chief executive for the past 12 years, expressed “shock” about the market’s treatment of the stock.

“We believe there’s tremendous value potential in Georgia-Pacific, and [are] frustrated that the market hasn’t recognised it yet,” he told USA Today.

The paper and building materials group has seen its share price hover around the $35 mark for the past year, despite Mr Correll’s success in strengthening the balance sheet and broadening its product portfolio.

Mr Correll’s frustration with Wall Street came to an end on Sunday, when Georgia-Pacific accepted a $48-a-share offer from Koch Industries to take it private.

The deal was hatched on a golf course in Wichita, Kansas – headquarters of Koch, the second largest privately held company in the US.

Koch was already familiar to Mr Correll, having bought two pulp mills from Georgia-Pacific in January last year for $730m.

After successive games of golf with Koch chief operating officer Joe Moeller, Mr Correll says he became convinced “that the value systems of these two companies were very much aligned”.

It took a call in October from Charles Koch, chairman of Koch, suggesting the acquisition that led to Sunday’s agreement.

Mr Correll says he will not miss the quarterly reporting and other pressures imposed on the management of publicly-listed companies.

“The credibility of public company CEOs is at an all time low in this country and we’re all spending a lot of time trying to convince the world that we’re doing the right thing,” he said, in an interview with the FT on Sunday.

Mr Correll is credited with reducing Georgia-Pacific’s reliance on commodity pulp and paper by expanding into less cyclical and higher- margin consumer products.

The group generates about half of its profits from tissue products, such as restaurant napkins and paper towels, competing against consumer giants, such as Procter & Gamble and Kimberly-Clark.

It also supplies building products, including lumber and gypsum, to home improvement retailers.

The most important moment in Georgia-Pacific’s transformation came five years ago, when it bought Fort James Corp, a rival tissue producer, and spun off 4.7m acres of timberland and several pulp and paper mills.

However, the group has been under pressure in recent months as rising commodity prices have increased costs and reduced demand for tissue products. Third-quarter net profits were down 40 per cent from the year before at $145m. Sales fell slightly to $4.71bn.

Last month, the group announced plans to lay-off 1,100 of its 55,000-strong workforce in the US and Europe as part of efforts to reduce costs and match supply with demand.

Koch’s businesses range from oil trading and refining to chemicals, asphalt, fertiliser, industrial resins. The portfolio even includes a ranching venture that employs cowboys.

Ever since it was founded by Mr Koch’s father Fred in 1927 with a fleet of oil delivery trucks, Koch has grown to a sprawling industrial conglomerate with annual sales of $60bn.

The Georgia-Pacific purchase could boost that to $80bn, company officials say.

Charles and his brother David, two of four Koch brothers, work full time in the business and each owns 40 per cent of its shares. The rest is held by individuals with links to the Kochs.

The two bought out their siblings Frederick and William in the early 1980s.

William briefly made headlines in 1992 by sponsoring the winning yacht in that year’s America’s Cup.

Under Mr Koch, 70, the company has made a virtue of its private ownership by re-investing 90 per cent of its profits back into the business. “That’s something that most public companies can’t do,” says Mr Moeller.

It is a philosophy that drove Koch to make its first large acquisition, of DuPont’s Invista lycra and textiles business, for $4.2bn in cash last year.

“By being private, we’ve been willing to take the tough decisions. We absorb volatility. And this is very important,” Mr Koch said in a rare interview with the FT in 2003.

Mr Moeller says Koch’s interest in Georgia Pacific grew out of its purchase of the two pulp mills. “We believe that they have many competitively advantaged assets,” he says, pointing to the company’s forestry-related consumer goods businesses that include Dixie paper cups and Vanity Fair quilted paper.

The acquisition will also propel Koch much deeper into managing some of the world’s biggest consumer brands. Mr Moeller says: “We’ve been very pleased with what we’ve been able to accomplish with Invista and we’re excited with what we see in the Georgia Pacific brands.”

http://news.ft.com/cms/s/fb6e1638-5499-11da-826c-00000e25118c.html

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YellowSubmarine
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Definitely one to collect early on Monday..........

.

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Dustoff 1
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Which one? PLNI or GP....
The news you posted on GP looks mighty good..

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YellowSubmarine
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Both, if you can afford to get in on the G-P premium at the Open, go for it.

PLNI will respond favorably to the Koch/G-P News as management gets News out about there trip to St Louis/Las Vegas/Atlanta last week - and the G-P impacts.

.

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YellowSubmarine
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NOTE: Where goes Koch goes Georgia-Pacific. ..Where goes Georgia-Pacific goes BlueLinx. ..Where goes BlueLinx goes PLNI - since all those new warehouses have to have a "..commonality of stock.." for their corporately trained salesmen to sell...!!!

Koch brothers are seen as business philosopher kings
Expected to get most out of Georgia-Pacific
By BARRIE MCKENNA - Tuesday, November 15, 2005

WASHINGTON -- The glue that holds global spandex-to-cattle conglomerate Koch Industries Inc. together is not readily apparent. But if its track record is any guide, billionaire brothers Charles and David Koch's privately held company will unlock whatever hidden value exists in ailing paper and forest products giant Georgia-Pacific Corp.

On Sunday, privately held Koch (pronounced coke) announced a $13.2-billion (U.S.) friendly takeover of Georgia-Pacific of Atlanta. The deal would vault Koch past food producer Cargill Inc. as the largest private company in the United States, with $80-billion in revenue and 85,000 employees in 50 countries.

"They're always looking for new investments in companies they feel they can take and make better," explained John Beehler, dean of the business school at Wichita State University.

"The only thing I can sort of guarantee is that [Georgia-Pacific] will be better run in five years."

Charles Koch -- the 70-year-old chairman, chief executive officer and driving force behind the company -- constantly points to his Market Based Management system for the company's impressive growth, from a tiny oil delivery business founded by his father in Wichita, Kan., in 1927 to a globe-spanning industrial behemoth.

Mr. Koch's business philosophy, for which he has registered a trademark, is grounded in the thinking of Austrian free market economists such as Joseph Schumpeter and Friedrich von Hayak. It emphasizes a relentless drive to get employees to create value, be entrepreneurial and offer up better ways of running things -- "creative destruction," as Mr. Koch calls it. There is no salary structure. Instead, employees are paid performance bonuses based on the value they create. They are granted "decision rights" as they demonstrate their mettle. Even outside lawyers are encouraged to take part in decision making.

Oddly, employees never actually get a piece of the business, which is 80-per-cent owned by Charles and David. The rest is held by a clutch of investor-friends. But the secret to Koch's success also apparently owes much to its survival as the most un-American of corporate beasts -- a private company.

"By being private, we've been willing to take the tough decisions," Charles Koch told the Financial Times in a rare interview last year. "We absorb volatility. And this is very important."

Among the benefits being out of the glare of Wall Street analysts and investors is that it has allowed Koch Industries to become "a laboratory experiment" for his business philosophies. Rather than paying out dividends, the company also typically reinvests 90 per cent of profits into the businesses where they are generated. And Koch has said that's exactly what it intends to do at George-Pacific.

"We have extensive experience with cyclical, highly competitive businesses and the ability to commit the resources to enhance the company's assets and pursue a growth agenda," Mr. Koch said of his plans for Georgia-Pacific.

These days there's also a lot of private capital chasing deals. In this case, Citigroup is providing financing for the takeover.

Koch Industries already has a foothold in the paper business. It bought Georgia-Pacific's market and fluff pulp operations last year. Its vast holdings also include oil production and refining, chemicals, asphalt, a 15,000-head cattle ranch, pipelines, commodity trading, mining, synthetic textiles and financial services.

Charles and David Koch have also worked hard to spread their free market ideas to politics and public policy. David was presidential candidate Ed Clark's running mate for the Libertarian Party in 1980. The ticket, largely bankrolled by the Koch family, garnered just over 1 per cent of the popular vote.

The brothers are also among the founders of the Cato Institute, a Washington-based libertarian think tank that espouses deregulation, low taxes and generally minimalist government. David remains a Cato director.

http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20051115/IBKOCH15/TPBusiness/Internat...

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Murnak
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Georgia-Pacific To Sell Building Products Distribution Business

http://www.bluelinxco.com/NewsRoom/May.asp

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It is always darkest before it goes completely BLACK!!!

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YellowSubmarine
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".................tolja................."!!!

PLNI 0.0095 +0.0017 (+21.79%) 0 0 31,147,997

"..Wheeeeeeeeeeeeeeeeeeeeeeeeeeeee......................

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