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October 15, 2018

Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014

UXBRIDGE, Mass., March 24, 2015 /PRNewswire/ — Lampin MITRPAK, a right angle gearbox and spiral bevel gear drive specialist, is proud to announce an 18 percent revenue growth in a year-over-year comparison from FY 2013 to FY 2014. MITRPAK’s growth is attributed to new OEM customers and new applications of the product line.

A major U.S. based engineering & fabrication company has developed a large application system which uses MITRPAK products to instantly set up and fold away stadium seating. This application is currently designed for enclosed sports arenas that support both Hockey and Basketball at the same venue and constantly move bleacher seats to accommodate both. The client has just completed installation of this system at  one of the most well-known professional sports arenas in the United States. They have plans to expand this throughout the United States.

“Lampin MITRPAK is committed to supplying quality gear drives that run smoothly and boast a long life,” said Lampin MITRPAK President, Bill DiBenedetto. “We were competing with a foreign supplier for the movable seating project, but we made a compelling case that MITRPAK was the best option for the application due to our superior quality and service.”

MITRPAK expects to see continued growth through 2015. The company’s recent investment in new equipment enables the company to increase capacity, broaden their capabilities, and reduce lead time. Major new potential clients for 2015 include an international manufacturer of electric vehicles, and one of the largest recreational boating manufacturers currently developing a line of pedal-powered kayaks.

“Lampin MITRPAK, in our own small way, wants to contribute in order for the United States to remain competitive in the global manufacturing arena,” said DiBenedetto. “This is why it’s critical that we maintain a consistent growth from year to year.”

About Lampin Corporation
Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-mitrpak-achieves-18-percent-revenue-growth-in-2014-300055096.html

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Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014

Lampin Corporation Offers Custom Tool for Ordering Timing Pulleys

UXBRIDGE, Mass., Dec. 12, 2014 /PRNewswire/ — Lampin Corporation, a precision machining company based in the Blackstone Valley region of Massachusetts, recently announced that customers interested in ordering custom timing belt pulleys can now upload drawings and specifications online, ensuring the final product received is exactly what was needed.

Rick Caponi, Lampin Corporation’s Senior Project Engineer, said, “This new section of our website was launched with the specific intent to help our customers let us know exactly what they need built, with an absolute minimum of confusion or delay. We wanted our customers to be able to easily upload drawings and define the various specifications that will help ensure the custom timing pulleys we build for them will work exactly as planned.”

Since 1982, Lampin has been designing and manufacturing custom timing pulleys for the robotics, medical device, and other critically important industry sectors. All Lampin timing pulleys are manufactured to order right here in the United States. Available materials include aluminum, delrin (also known as acetal, a plastic preferred over nylon), and stainless steel.

About Lampin Corporation
Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-corporation-offers-custom-tool-for-ordering-timing-pulleys-300009042.html

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Lampin Corporation Offers Custom Tool for Ordering Timing Pulleys

Why Are AmREIT Shares Up More Than 30% This Summer?

AmREIT (NYSE: AMRE) is a relative newcomer to the neighborhood and specialty retail center space.

This sector as a whole has returned an impressive 16.6 percent year-to-date according to the latest MLV & Co research report dated August 25, 2014, compared to around 8 percent for the S&P 500.

In the spirit of full disclosure, AmREIT shares have returned a little more than 43 percent YTD, so this is not just cherry-picking the summer months.

While plenty of San Antonio, Texas River Walk tourists might be looking to cool off and sip a cold drink at the scenic South Bank property below, it is just one of example of the many high-end AmREIT properties that are situated in four fast-growing urban areas in Texas, as well as locations in the metro-Atlanta market.

One Version Of The AmREIT Recipe For Success

Start with superbly located retail properties in five markets that feature outstanding demographics and household incomes; combine that with experienced management; add two parts operational and redevelopment expertise; shake with high occupancy, and serve over a solid balance sheet. Garnish with quarterly dividends.

This Recipe Attracted A Cash Buyer

The spike in the chart below, coincides with $5.25 billion market cap Regency Centers (NYSE: REG) $22 per share offer to purchase AmREIT outright. This offer was rebuffed by the AmREIT board of directors on July 29, 2014.

A subsequent Benzinga article highlighted the reasons why MLV & Co. analyst Paul Morgan raised the price target on $465 million cap AmREIT from $24 to $25 per share, on August 11, 2014.

Federal Realty (NYSE: FRT) has proven to REIT investors over decades that upscale life-style centers and/or mixed use redevelopment in areas surrounded by high-income households is a sustainable business model. As recently reported by Zacks Research, Federal Realty raised its outlook for full-year 2014 FFO per share to the range of $4.90 – $4.94, from $4.86 – $4.93 guided earlier.

Related Link: The Sun Never Sets On Blackstone Group LP

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 47 consecutive years, the longest record in the REIT industry. This “bullet-proof” dividend is currently yielding 3.12 percent for shareholders of this $8.4 billion dollar market cap REIT.

Here Is AmREIT’s Version Of This Winning Game Plan

It all starts and ends with purchasing power and high-density of households:

Joint ventures with some of Wall Street’s biggest investment banks allows small-cap AmREIT to take on institutional quality projects that are much larger than you would expect.

These ventures also serve as sources of fee income as well as a clearly visible pipeline for future growth:

Industry leading demographics drives higher base rents:

These higher rents, in combination with a very low-weighted average cost of capital for a small-cap REIT, (as evidenced by the chart below and the current 3.4 percent yield on common equity):

Produces a high-projected compound annual growth rate compared to industry peers:

In a nutshell, this is the game-plan that AmREIT has followed since its IPO in September 2012.

AmREIT Valuation Metrics No Longer Signal A Bargain:

  • An implied cap rate of 5.7 percent
  • An estimated NAV, or net asset value, of $24 per share, compared to closing price of $23.50 on August 25, 2014
  • AmREIT is currently trading at 22.9x 2014E FFO and 20.7x 2015E FFO per share

Metrics are from MLV & Co. Investment Research for the week ending August 22, 2014. MLV & Co. maintains a Buy rating on AmREIT with a revised price target of $25 per share.

Investor Takeaway

AmREIT appears to be a well-managed REIT, with an attractive portfolio of assets and a clearly defined strategy for long-term success.

The company appears to be successfully executing a strategy of acquiring strategically located commercial assets in five key markets, as well as adding value through land development and redevelopment opportunities.

As a result of the 30 percent gains in the stock this summer — which were triggered by the Regency Centers $22 per share buyout offer — AmREIT appears to be close to fully valued at this time, based upon its price to FFO and NAV metrics.

See more from Benzinga

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Why Are AmREIT Shares Up More Than 30% This Summer?