24/7 Wall St. » HCCI

Top 10 Pre-Market Analyst Calls (CAT, CRUS, EQ, HCCI, MAR, MTG, PPC, R, SLB, WFC)

247wallst — Mon, 21 Apr 2008 06:20:25 +0000

These are not the only calls that will be impacting stocks, but these are the initial calls that 247WallSt.com is focusing on this Monday morning:

Caterpillar (NYSE: CAT) Cut to Neutral from Outperform at Credit Suisse.
Cirrus Logic (NASDAQ: CRUS) Cut to Hold from Buy at Jefferies.
Embarq (NYSE: EQ) Raised to Outperform at Wachovia.
Heritage-Crystal Clean (NASDAQ: HCCI) started as Buy at Piper Jaffray.
Marriott (NYSE: MAR) Cut to Neutral from Buy at Goldman Sachs.
MGIC Investment Corp (NYSE: MTG) Raised to Outperform from Peer Perform at Bear Stearns.
Pilgrims Pride (NYSE: PPC) Raised to Outperform from Neutral at Credit Suisse.
Ryder System (NYSE: R) Cut to Neutral from Outperform at Baird.
Schlumberger (NYSE: SLB) Raised to Overweight from Equal Weight at Morgan Stanley.
Wells Fargo (NYSE: WFC) cut to Underperform from Perform at Oppenheimer.

Jon C. Ogg
April 21, 2008

Heritage-Crystal Clean IPO Set For Trading (HCCI)

247wallst — Wed, 12 Mar 2008 09:32:32 +0000

Heritage-Crystal Clean Inc. (NASDAQ: HCCI) has priced its initial public offering for 1.9 million shares priced at $11.50. This was in the mid-point of its IPO range that had been designated as $10.50 to $12.50.

The group underwriters areWilliam Blair & Co. LLC and Piper Jaffray and here was a summary of the original filing.

The $22 million inproceeds from the offering for the industrial- and hazardous-wasteservices provider will go to repay debt.

Rachel Lopez
March 12, 2008

IPO Filing: Heritage-Crystal Clean, Inc. (HCCI)

247wallst — Tue, 19 Jun 2007 12:37:37 +0000

A rather small company called Heritage-Crystal Clean, Inc. has filed to come public via an initial public offering. The only two underwriters listed here are William Blair & Co. and Piper Jaffray, and the stock has an implied ticker of "HCCI" on NASDAQ.

The company claims to be the second largest provider of parts cleaning services in the United States that provides containerized waste services to small and mid-sized customers. Within the industrial and hazardous waste services market, it focuses on parts cleaning, containerized waste, used oil and vacuum services. It also estimates that these components together represent a $5 billion market opportunity and its network consists of 48 branches to 38 states and more than 34,000 client sites. During fiscal 2006, it performed more than 250,000 parts cleaning service calls. Its largest customer accounted for only 1.2% of sales and its top 10 customers accounted for less than 7% of sales, so it is not reliant upon any single contract and arguably not reliant upon any groups of orders that may be closely linked.

Its sales were approximately $16 Million in fiscal 2000 and have grown to $77.1 Million in the 52 weeks ending March 24, 2007. It also posted an operating profit of $7.4 million (after a one-time gain of $0.8 million) in the 52 weeks ending March 24, 2007. Up to $14 Million of the IPO will be subsequently placed with certain holders of preferred units and related persons.

Jon C. Ogg
June 19, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.