Unversal Stainless and Alloy Products (USAP) News

USAP new 52 hi

Bought a few today pre-earnings tomorrow.

I should not have posted a 20% G/S percent position. That should be kept to oneself. Nobody cares.

Slim has a great macro story on steel and other metals, resources, natural and others. We're long USAP around $9.60.


BABA

CFO resigned

A little more insider buying.


https://www.sec.gov/Archives/edgar/data/931584/000180968921000003/xslF345X03/primary_doc.xml

and

http://www.conferencecalltranscripts.org/summary/?id=8930855


bought at ten percent discounts, employee incentive

I am not recommending the stock.

Nice move off of Cowen presentation.

USAP reports 1/27 and we want smolten. There are some potential improvements in their end markets after negative gross margins were reported in (parts of?) 2020.

CB $6.25. I sold my $7.50 LIFO at $7.50. I may get a chance to buy again.

Smells like teen(s) spirit.

USAP sounds offensive! They should request a Ticker change maybe like UWIN UFLY UCAN UWIL URGT I think it possible that the stock could double and triple on that announcement alone

Not trading. Added $6.75 and $7.50 to the $5.80.
Not recommending. DYDD

Hoping it falls under $5 next year. Bought more, average now $6.23. Quarter of a million dollar insider buy can't be ignored.

In at $5.75 and $5.85 for a trade.

Universal Stainless & Alloy Products (NASDAQ:USAP): Q3 EPS of -$0.22 in-line.

Revenue of $43.37M (-19.1% Y/Y) misses by $18.63M.

LMAO! Yes..I so knew this one would be a beast...

(Tear), They go up so quickly, don't they? ;)

Well it was nice to sit here on the sideline and watch baby X grow up...Time to let her go til she drops...By little USAP I will miss you!!!!!!!!!

Negative.

Did you grab any of those lotto May $20 PUTS on YHOO?

I didnt play it either, played F / ABB this AM.

Nice and I missed it!!! How many freakin times have I traded this thing and I missed earnings day!! I SUCK!

HUGE candle today, berry nice!!!

Little USAP is now a full blown MONSTER!!

Universal Stainless Reports 2008 First Quarter Results


Diluted EPS of $0.70 on Sales of $56.8 Million Exceeds Forecast

Backlog Increases to $88 Million

BRIDGEVILLE, Pa., April 24, 2008 (PRIME NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) reported today that sales for the first quarter of 2008 were $56.8 million, which is in line with $56.2 million reported in the first quarter of 2007. Net income for the 2008 first quarter was $4.7 million, or $0.70 per diluted share, compared with $6.8 million, or $1.00 per diluted share, in the first quarter of 2007.

These results exceeded the Company's forecast for the first quarter of 2008 of sales in the range of $50 to $55 million and diluted EPS in the range of $0.60 to $0.65.

Nickel costs were more stable in the 2008 first quarter compared to their high volatility in 2007 and were substantially lower than their level at March 31, 2007. The change in nickel costs reduced gross margins for the Company's Dunkirk segment for the first quarter of 2008 by an estimated $157,000 (FIFO charge), equivalent to $0.02 per diluted share, compared with an increase (FIFO benefit) of $1.2 million, equivalent to $0.12 per diluted share, in the first quarter of 2007. The swing in the FIFO effect combined with a change in product mix reduced company-wide gross margins in the first quarter of 2008 compared with the same period of 2007.

The Company's tax rate for the first quarter of 2008 was 33% compared to 35% in first quarter of 2007. The benefit of this rate change was equivalent to $0.02 per diluted share.

Cash flow from operations was $208,000 for the first quarter of 2008 and capital expenditures were $3.1 million. Inventories remained level with the 2007 fourth quarter, while receivables increased due to the sequential increase in revenues.

President and CEO Dennis Oates commented: "Solid demand in our key markets combined with better than expected sales of power generation and tool steel products enabled us to exceed our forecast for the first quarter of 2008. In total, our sales to the power generation market rose an estimated 34% sequentially and 15% over the first quarter of 2007, while tool steel sales increased 25% over the fourth quarter of 2007 and 28% year-over-year. Our sales to the petrochemical market also improved sequentially, rising an estimated 30% from the 2007 fourth quarter, and matched the first quarter of 2007. Our sales to the aerospace market increased an estimated 5% from the fourth quarter of 2007, but were 15% lower than the first quarter a year ago. While aerospace demand remains very strong, our aerospace sales go through service centers and forgers, which continue to demonstrate conservative buying patterns and report pockets of excess inventory. We have not changed our view that service centers and forgers will, by necessity, return to more normal buying levels in the second half of the year."

Mr. Oates continued: "We made progress on several priorities in the first quarter. One of the highest was to add a Vice President of Sales and Marketing, and we were pleased to announce earlier this week that Chris Zimmer has joined our team. Our focus is to accelerate sales growth by further penetrating our domestic markets as well as expanding into international sales. We are now in conversations with potential partners and new customers in North America, South America, Europe, Russia and India. This is a long-term process, but we are pleased by the initial response and have several trial orders underway, including some for new products.

"Operational improvement is another area of high priority for us. We are progressing with the start-up of our new state-of-the-art high temperature annealing system in Dunkirk and remain on track to have it fully operational by the end of the current second quarter.

"In a further move to realize Dunkirk's potential and improve efficiency company-wide, we will relocate the round bar finishing operation in Bridgeville to Dunkirk, where it will replace inefficient multi-step equipment with advanced continuous-process capability. We expect to reduce the round bar production cycle in Dunkirk by as much as two weeks resulting in a payback that is less than one year. It also will enable Bridgeville to focus on its core competency, the manufacture of semi-finished products including tool steel plate."

Mr. Oates concluded: "We expect continued incremental improvement in our financial performance as reflected in our forecast for the second quarter of 2008. We expect our operational improvement to be more substantial as we continue to enhance our productivity and improve customer service levels. Our overall goal is to further accelerate our growth."

Little USAP has had a very nice week!!

Did you see CC today...Geesh! How much lower will it go!

Agreed.

Good..Not time yet..Could see $150

Looking cheap, scale in gradually, IMO.

OT: Didnt play GS calls, I'm away from my computer too much to watch them right now.

Is it me or is this looking stupid cheap now??

Universal Stainless Chairman Adopts 10b5-1 Trading Plan
BRIDGEVILLE, Pa., March 5, 2008 (PRIME NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that Clarence M. McAninch, Chairman of the Board of Directors, has adopted a pre-arranged, non-discretionary stock trading plan to sell the stock issuable upon the exercise of Mr. McAninch's stock options. The stock trading plan is designed to permit systematic sales by Mr. McAninch over time as part of his individual long-term strategy for asset diversification and estate planning. The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, and the Company's policies regarding stock transactions by insiders.

Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios by spreading stock trades out over an extended period of time to reduce any market impact while avoiding concerns about the initiation of stock transactions when in possession of material non-public information.

Subject to the terms of the plan, Mr. McAninch may sell up to 35,000 shares of the Company's stock over a period of eighteen weeks.

The transactions under this plan will commence no earlier than March 10, 2008 and will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

I was tempted but grabbed every BA April $80 CALL I could under $3.00...Now let her POP!!$$$$$$$$$$

U pick some up?

USAP is screaming "BUY ME!!"

He like you!

LOL. Dude, your siggy pic is killing me.

Change it up man!!!

Look at what they are doing to poor little USAP today! lol

This beat down was not warranted..BOING on positive market conditions

USAP still gettin jiggy!

Have you looked at the share structure? THIN as HECK! Any buying drives it up quick!

USAP is getting jiggy.

Check it out Joe..Little USAP is finally getting some attention!

So close! USAP almost had a green day! lol

I knew poor little USAP would have his day! lol

To da moon.

Told ya poor little USAP would have his day!

USAP Chart

P/E down to 9.14

Poor little USAP left out of the rally again..Your day will come USAP!!!!!

Intresting..Down while commodoties surged..I think people are missing this one..Time will tell..

Those combined holders have 1,840,773 of the shares...

Authorized Shares: 10,000,000
Outstanding Shares: 6,780,808 1/22/2008
Approximate Float: 6,300,000


Edward C. Johnson 3rd 300,000 Shares 4.50%

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5733669&Type=HTML


Wellington Management Company, LLP 451,038 Shares 6.78%

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5728150&Type=HTML


Keeley Asset Management Corp. 725,000 Shares 10.9%

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5725458&Type=HTML


Kennedy Capital Management, Inc. 343,209 Shares 5.2%

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5722101&Type=HTML


BEAR STEARNS ASSET MANAGEMENT INC. 21,526 Shares 0.3%

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5702765&Type=HTML