Regarding the liner strips Bill tweeted: From t
Post# of 22940
Posted On: 03/09/2016 7:01:44 AM
Regarding the liner strips Bill tweeted:
From the business plan document:
The key to the Company’s success in China in the near term is a proprietary self-lubricating liner system, which is manufactured in the U.S. at a TPAC approved facility. This liner is an integral component of the Company’s finished parts, which are used in aircraft where lubrication is undesirable, difficult to perform or impossible. In practice, the liner system is bonded to race surfaces, and during use, forms a lubricating film on the mating ball surface that is continually replaced throughout the life of the liner material.
And yes, each of those pics likely represent linings for the different bearings and bushings. Please review EACH of the PDF files for each product and you will see each one uses a liner...and EACH product has different diameters.
http://www.tpacbearings.com/catalog
Each new aircraft uses over 3000 bearings, bushings and rod ends....and of those, different sizes and load tolerance.
The key thing to remember is that these parts don't last forever and need regular replacement depending on their projected life cycle. With that in mind, Boeing Shanghai is a large maintenance facility.
http://www.boeingshanghai.com/
They just recently inked a deal to provide maintenance for Thomas Cook airlines out of the U.K. It is important to note here that they have extended their service outside of China....international.
http://www.boeingshanghai.com/Home/tabid/41/c...fault.aspx
Now, being competitive in the maintenance world, who do you think they would go to for replacement bearings? How about the ONLY manufacturer in China certified to make standard spherical bearings for commercial aerospace use?
Don't forget the Chinese government mandate to use homegrown suppliers/manufacturers.
We don't know what relationships, if any, Bill is working on with Boeing Shanghai. But, it is a very reasonable assumption that eventually, there would be some discussions about that with a strong possibility of gaining them as a customer.
All of that potential alone is pretty nice. Throw in new aircraft manufactured by Boeing, the pending Shijun Projen opportunity, and the Aussies. When you consider the certifications and the many other aspects of the TPAC business model, the potential for our little company is tremendous.
So, I can't help but chuckle about all of the anxiety right now about PPS. Believe me, I understand and am not trivializing the concern. But, when I review all of the DD I have done, any worry is quickly replaced by confidence that I have made a wise investment here. ANY business at this stage is a risk. Even large behemoth companies are a risk (look at Chesapeke Energy for instance). That is why it is important to do as much DD as possible and stay up to date on what is going on.
The fact that TPAC is still going and now in the early stages of executing says alot about the company and Bill's leadership. Many many OTC companies would have folded by now or been swallowed up by toxic financing and massive dilution without achieving what TPAC has done.
Seriously, this is a brilliant business model with tremendous potential. At least that is my opinion. And I bet some money on it. It isn't a big chunk of my portfolio though which helps me alleviate worry and concern about PPS right now. I am looking 6 months to 5 years ahead. I do monitor progress though, and so far, I like what I see. I understand that in the world of business, nothing worthwhile happens overnight. Patience is key here.
Go $TPAC!!!!
From the business plan document:
The key to the Company’s success in China in the near term is a proprietary self-lubricating liner system, which is manufactured in the U.S. at a TPAC approved facility. This liner is an integral component of the Company’s finished parts, which are used in aircraft where lubrication is undesirable, difficult to perform or impossible. In practice, the liner system is bonded to race surfaces, and during use, forms a lubricating film on the mating ball surface that is continually replaced throughout the life of the liner material.
And yes, each of those pics likely represent linings for the different bearings and bushings. Please review EACH of the PDF files for each product and you will see each one uses a liner...and EACH product has different diameters.
http://www.tpacbearings.com/catalog
Each new aircraft uses over 3000 bearings, bushings and rod ends....and of those, different sizes and load tolerance.
The key thing to remember is that these parts don't last forever and need regular replacement depending on their projected life cycle. With that in mind, Boeing Shanghai is a large maintenance facility.
http://www.boeingshanghai.com/
They just recently inked a deal to provide maintenance for Thomas Cook airlines out of the U.K. It is important to note here that they have extended their service outside of China....international.
http://www.boeingshanghai.com/Home/tabid/41/c...fault.aspx
Now, being competitive in the maintenance world, who do you think they would go to for replacement bearings? How about the ONLY manufacturer in China certified to make standard spherical bearings for commercial aerospace use?
Don't forget the Chinese government mandate to use homegrown suppliers/manufacturers. We don't know what relationships, if any, Bill is working on with Boeing Shanghai. But, it is a very reasonable assumption that eventually, there would be some discussions about that with a strong possibility of gaining them as a customer.
All of that potential alone is pretty nice. Throw in new aircraft manufactured by Boeing, the pending Shijun Projen opportunity, and the Aussies. When you consider the certifications and the many other aspects of the TPAC business model, the potential for our little company is tremendous.
So, I can't help but chuckle about all of the anxiety right now about PPS. Believe me, I understand and am not trivializing the concern. But, when I review all of the DD I have done, any worry is quickly replaced by confidence that I have made a wise investment here. ANY business at this stage is a risk. Even large behemoth companies are a risk (look at Chesapeke Energy for instance). That is why it is important to do as much DD as possible and stay up to date on what is going on.
The fact that TPAC is still going and now in the early stages of executing says alot about the company and Bill's leadership. Many many OTC companies would have folded by now or been swallowed up by toxic financing and massive dilution without achieving what TPAC has done.
Seriously, this is a brilliant business model with tremendous potential. At least that is my opinion. And I bet some money on it. It isn't a big chunk of my portfolio though which helps me alleviate worry and concern about PPS right now. I am looking 6 months to 5 years ahead. I do monitor progress though, and so far, I like what I see. I understand that in the world of business, nothing worthwhile happens overnight. Patience is key here.
Go $TPAC!!!!
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Let blockheads read what blockheads wrote.
Risk comes from not knowing what you're doing.
The investor of today does not profit from yesterday's growth.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
- Warren Buffett
Risk comes from not knowing what you're doing.
The investor of today does not profit from yesterday's growth.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
- Warren Buffett