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WallSt/HawkCorp
DailyStocks Research :

! Raw Notes !


They seem like good competent guys . Jeff`s got a Sony note book like mine . He`s the second person other than me to have software problems with it .
   ============================: 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|

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