michelle was correct
 
 
Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB
 

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PSN&t=LIST&m=30897005&l=0&pd=1&r=0#BH8uFgveLqPQuDAD.99

Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB
 

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PSN&t=LIST&m=30897005&l=0&pd=1&r=0#BH8uFgveLqPQuDAD.99

Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB
 

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PSN&t=LIST&m=30897005&l=0&pd=1&r=0#BH8uFgveLqPQuDAD.99

Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB
 

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PSN&t=LIST&m=30897005&l=0&pd=1&r=0#BH8uFgveLqPQuDAD.99

Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB
 

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PSN&t=LIST&m=30897005&l=0&pd=1&r=0#BH8uFgveLqPQuDAD.99

Conversation with PSN mgmt
 
 
 
4/3/2012 11:26:15 AM  |  | 588 reads  | Post #30896865
 
 

Conversation with PSN mgmt

I had a put in a call to Poseidon last week and got a return call yesterday afternoon. I would prefer to keep the name of the person I spoke with anonymous as I felt he was quite frank with me. Suffice it to say that he is top level mgmt.

Some takeaways:

Investors completely underestimate the demand from the majors as they adopt PSN's tanks. This is in play right now. PSN is still highly focused on new customers as well.

PSN is interested in safety first. They do not want to exceed a maximum of 9 tanks per week for quality control reasons. Current historical average placements of 6 to 9 tanks weekly.

The business is there but if the quality suffers the downside risk is not worth it to the company. Sure growth might not be what it could be but this model means long term sustainable success.

PSN could add two additional shifts if a large order came in. But there is no plans to add two shifts on a regular basis. Remember this is a very conservative mgmt team.

Mgmt was not focused on a US listing whatsoever months ago. It is now in the back of their minds. Business first though. But I suspect it will happen sooner rather then later.

I see dividend increases looming down the road. They have the need for their cash flow right now. This to create shareholder value.

Acquisition. Looks like it's a distinct possibility. PSN was never meant to be a one trick pony. Accretive out of the chute I was told.

--------------------------

Well there it is folks. I'm as impressed as ever. This is what you want out of a mgmt team, execution and business model. Keeping all aspects in perspective. Not going out of their comfort zone due to the risks involved. They are in this for the long haul and are loathe to make risky short term moves. They have our capital in mind.

I think most of us have a good idea of the direction they will go with an acquisition. I'm sitting on the edge of my seat.

Best to all holders.

Sam
 
 
............Thanks/Samiamdj/IV -  $peak BB