============================: TUE.SEP,000912 :============================ 16:15| NYStockBrokersClub : NYSE : HWK : WallSt/HawkCorp : powdered metals , friction components & die cast .Eric : Grown fr 40 > 200M$ sales , leader in motorcycles , aircraft , growing consolidation & move to outsourcing . Jeff Berlin CEO : .35 revs frm stable aftermkt . generally sole source aerospace replacemtn brakepads : Frictin & Pwderd metal mkts fraged . Cash flow always been psoitive . Fe Cu AL Brons : Press & heat treat . Started w Friction material co acq . Brakes Clutches & trans , 747s . Harley Davidson : Goodrich Eaton Caterpiller NewHolland/Case - develop clutches Components for Pumps , small Motors 5B$ world mkt . focus outside Auto mkt. Hydro Gear - lawn & Garden , Truck , Industrial . Cast AL rotors subfractional HP motors . - subcontract GE AOSmith Fasco , Emerson . New plant in Monteray MX ( hotbed for motor mfg ) Mkt growint .1 , % yr . , coversin from castings . & Consolidation - have metalurgist tribology custoERsolutions . RSD JVs . soland ne 25 24-7 dynomoemeter testing Formed in `89 as 20M$ , now 200M$ Free Cash flow 6M$ laews 6 mo while growing . ( w 4.5 debt svc ) Have US capacity needed , growing Asia & WW . Powdered metal mkt greater than general industrial . Offshoot : injection molded w polimers . then shrunk .25 go make precise JV w Startup . replac plastic & machined metal . Hi-performance Brakes . |17:5| Qs : Abe : effect rise of Oil price ? not directly . Intrest rates fixed . Patents & R&D JV proprietary ? Have some patents . most continuing mkt pretty etincal , automotive ?able . Reliabitity data ? never had any prodict liability claims . FAA records . Michael Storm : Mng .35 of stock - not much options . 180M$ US , $20M Itally , MX just started China 2001 . Abe : competitors ? Friction : Raytech : very good , BorgWaner , couple in Euro Powered Metal : England GKN : Centrifical molding ? no . Aerospace overseas distribution ? BF Goodrich , Aircraft Brakeing , they sell to Boeing . Some reps in different countries - generally engineers going selling directly . Abe : Acq process ? meet everyone in industry ? has to be acreetive , 5 x EBITA - most 5 - 20M$ , Quartermaster ? Owner stays involved 3 yr w stock been hammered too much to use as cash . May 98 IPO . Founders Norm & RonWeinberg Fin , Engineering Reliance Electric `89 boug CPA w MFG bkgrne & acps . Clare : core interest ? what we are in now . Pressed Mg ? mainly in Asia . Gross marging .20 , net .1 | growth . Eli Lustwig & McDonald & Co , Comfortable w earning estimates . 5M shares float . |17:28| |