North America’s BEST Small Cap Stock Ideas
| Symbol (US): | ACU |
| Website: | www.acmeunited.com |
Acme United Corporation is an innovative supplier of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott, Clauss, Camillus, PhysiciansCare and Pac-Kit.
Saj Karsan wrote an update on Acme United (ACU – $10.69) titled Acme In A League Of It’s Own. You should check out Saj’s daily blog on investing in fundamentally undervalued, mostly small cap, stocks. I spoke with Saj a couple of times. He’s a great guy. Since Acme announced outstanding fourth quarter results and 2010 outlook last week, the […]
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Acme United Corporation (ACU) on Friday announced strong fourth quarter sales and earnings growth driven by the Company’s operational execution and innovative product mix. Mr. Johnsen, the Company’s Chairman and CEO, didn’t provide guidance for 2010, but he did indicate that revenues were up 17% year over year for January 2010 and that he expected strong growth for the full […]
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In last week’s newsletter we wrote we were going to conduct an update interview with Mr. Walter Johnsen, the Chairman and CEO of Acme United (ACU), to ask him about his prospects for 2010. Well we did, and Mr. Johnsen gave us a positive and promising outlook. Although the market remains tough, Acme United is picking up sales both by […]
Read moreEarlier this week, we spoke with Rick Constantine, the Vice President of Marketing for Camillus, to get his thoughts on the Shot Show. He said it was a phenomenal success as numerous people came up to talk with him saying it was great Camillus’ knives were back. It made him conclude: “Camillus is in the veins of America”. For more […]
Read moreLast week, we wrote that Camillus will be attending the Shot Show in Las Vegas, which will be held next week. Because this is a major trade shows for Camillus, we’ll make sure to bring you coverage of the event. The Camillus booth will be packed with its new knives made out of the finest and hardest materials around. For […]
Read moreAcme United Corporation (ACU) announced on Tuesday that it won a GOOD DESIGN award from the Chicago Athenaeum, Museum of Architecture and Design, for its iPoint Evolution pencil sharpener. GOOD DESIGN is one of the oldest and most important design competitions worldwide. Each year, the Museum receives hundreds of submissions from the biggest and most famous brands like Apple, Hewlett […]
Read moreOn Friday, Acme United Corporation (ACU) reported that it donated its 2.4 acres waterfront property along the Pequonnock River in Bridgeport to the City of Bridgeport, CT. Acme United owned the property, because the former Acme Shear Company’s factory* was built on this site. The property anchors the potential redevelopment of the East Side of Bridgeport, and could provide waterfront […]
Read moreIn FY 2009, Acme United’s (ACU – $9.45) sales will decline for the first time in many years due to a general drop in demand and due to inventory reductions with its customers. In our third quarter update report we not only explain why it’s safe to assume that revenues and earnings will increase again once the economy turns around, […]
Read moreOn Thursday, Acme United Corporation (ACU – $8.40) announced that net sales for the third quarter ended September 30, 2009 were $15.3 million compared to $19.2 million in the comparable period of 2008, a decrease of 20% (19% local currency). Contributing to the decline was an unexpected order of approximately $1.2 million from a major retailer in the third quarter […]
Read moreOn Wednesday, Acme United Corporation (ACU – $10.00) announced excellent news when its Board of Directors approved a new stock repurchase program of up to 200,000 common shares. This new program goes on top of 49,335 shares that may still be repurchased under its previous program, which was announced in December of 2008. To get this in perspective, 249,335 shares […]
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