============================: 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|