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Now Thats a Crab Shack

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Sabine Pass Crab Shack

Joes Crab Shack

Joe's Crab Shack

Looking at the pictures above, consider which can truly be called a ‘crab shack’ and which is a product of marketing. My tendency to search out hole-in-the-wall, slightly-scary places to eat led me to discover this little gem in the first picture,  I have yet to try one of the 120 locations of the national chain pictured second.

Sulphur, LA has has its fair share of colorful restaurants, and their all crowded between 11 & noon when the area plants have their lunch breaks, so if time is of the essence or you don’t want to have to get out of your car for meal, consider this one-of-a-kind seafood drive-through. The menu is short & sweet, its reasonably priced and surprisingly appetizing, so if life brings you to Sulphur’s exit 24 off I-10 be sure to sample one of the area’s best bang for your buck places to eat.

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NoStartOne of the most inconvenient things that can happen in modern day life is being away from home and finding that your car won’t start.

Say that during your lunch hour you decide to finally clean your dirty & neglected car. So you drive down to the local wash & vacuum and spend 30 minutes dutifully cleaning the machine that had served you so well, until today. As you turn on the ignition to leave, you hear the familiar clicks of the electrical systems cycling on but then silence where the sound of the engine should be. Yep, you’re away from home, and your car won’t start…bummer…but wait you might just be able to get out of this without Triple A’s help.

When this happens, and you can never quite predict when this will happen, a lot of things go through your mind. Usually, the first thing you think about is, ‘how am I going to get out of here’, closely followed by ‘how much is this going to cost me.’

Usually, when a car won’t start, it’s because the battery is dead, which can easily be tested by turning on the headlights or one of the other numerous electrical devices in a car. If the problem is with the battery, first check the battery terminals for corrosion, if they’re not corroded, then get a jump start. If they are corroded, clean the terminals with a metal brush, or by pouring Coke over them.

If the problem isn’t a dead battery, then it’s possible that your Starter has failed you. If this is the case, here are two things that could save you an embarrassing phone call and/or outrageous towing charges.

1. Use a hammer or lug nut wrench to bang on the starter.

Starter location on a Civic

Starter location on a Civic

Look under the hood for a small cylindrical “can,” that’s the solenoid. The solenoid is an electro magnet that pulls your starter motor “toothed gear” onto the flywheel…blah blah blah. Anyway, just tap (not hit) the solenoid with a hammer or something metal, then run to the driver’s seat and turn the ignition. If this method works, it also proves that the problem is the solenoid, and not one of the numerous other electrical or mechanical pitfalls. The starter spins around; and a solenoid, activated by current, pushes a cog from the starter against one from the engine, so that the starter is actually spinning the engine.

Closer

2. Push start. (Note that this only works for manual transmissions)

a. Put the car in 1st gear, ask someone walking-by to push the car until its moving about as fast as you can walk, then shift to neutral when the car is in motion.

b. Alternatively, if you happen to be parked on an incline, let gravity work for you, thus saving you the torture of asking a complete stranger to push your car.

Note that replacing the starter ran me around $100 for the part and $70 for labor.

What is a Heat Exchanger?

In-progress heat exchanger

In-progress heat exchanger

The basic idea of a heat exchanger is exactly what it sounds like, a device that transfers heat between 2 mediums. Say you want to cool down oil in a refinery, in a continuous flow, 24 hrs a day, you might spend $100,000 on a AEU type heat exchanger, where the oil flows through a chamber and water flows through a series of pipes within the oil chamber, transferring heat from the oil to the water. And now since you’ve got hot water as a by product, you move it to a boiler, turn it to steam and use the steam to run a turbine, and create electricity.

Or at least thats the most basic use for an industrial heat exchanger. The chemical process industry, which commonly uses heat exchangers, has a wide array of ; mediums, pressure requirements, construction features, flow arrangements, etc. that complicate the design & manufacture of these devices. Pictured above is a shell & tube exchanger which is being fitted with tubes.

CNC Drill working a tubesheet

CNC Drill working a tubesheet

The Plant

A heat exchanger fab resembles the kind of image that comes to mind when someone says the word ‘factory.’ Its loud, there are machines cutting metal, and flashes & sparks in the welding area.

The basic sequence of heat exchanger fabrication is; a Machine shop that cuts the components to size, a Bundle shop assembles the tubes and a Weld shop that seals the joints.

Main Components

Shell & tube heat exchangers are comprised of a shell chamber for one medium and a stuffing of tubes within the shell, for the other medium. Shell & tube exchangers make up 70-80% of the heat exchangers used in the petrochemical industry. The main components include:

Tubes: Tubes provide the heat transfer surface between the two mediums.

Tubesheet: Usually a single round sheet that holds the tubes in place.

Shellside Nozzles: The inlet and outlet ports for the shell medium.

Tubeside Channel & Nozzle: Controls the flow of the medium in the tubes.

Channel Cover:  A round plate that can be removed for tube inspection.

Baffles: Support plates that secure the tubes in the shell, and guide the flow of the medium in the shell.

Heat exchangersHeat exchangers are integral to the operation of oil refineries and chemical processing plants. The heat exchanger industry is highly competitive with suppliers from all over the world bidding against each other on jobs. In this industy, getting on the supplier list of refieneries and chemical plants is a must, and once on the list, building heat exchangers in the shortest time and at the lowest cost is essential, and thats where Indusrial Engineers come in.

L’auberge Pool Party

If 30 is the new 20, is 26 the new 16? To celebrate my slightly-more-than-a-quarter-century of existence, I went to the L’auberge Pool Party in Lake Charles, LA. The pool party featured 2 bands that I enjoy hearing on the radio, Switchfoot and Blue October.

L'auberge Casino & Resort

L'auberge Casino & Resort

L’auberge was completed in late 2005, after Hurricane Rita devastated the region, becoming a symbol of resilience that  the people of Southwest Louisiana needed. The building is a shimmering tower of glitz, there’ s a lazy river, there’s a golf course, hotel, restaurants, spa, dance club and in the middle of it all a casino.

Pre-Pool Party

Pre-Pool Party

Curiously enough the pool was closed for the pool party, but nobody seemed to mind. Drinks were reasonably priced, $4 for 16 oz domestic beers. The cover to get in was $5 for men, and ladies got in free. Or you could go to the MyChoice desk in the the lobby and get  a player’s card for free and then get in free. By the time the bands took the stage the crowd was suffocatingly large, and it didn’t help that it was a humid 80 degree night, but I was on my 4th domestic by then and ready to for some head bobbing.

Screen

Switchfoot on screen

The videos below were recorded on my Nokia 5800, the first is of Switchfoot, the second is of Blue October.

Atlanta can be an expensive city if you follow the crowds; a visit to the Georgia Aquarium will run you $35, Turner Field can be $25 a pop, even the World of Coca Cola will cost you $15. Well then its a good thing that the best things in Atlanta are free.

Silver Comet Trail

The Silver Comet Trail is a bike path that extends for 61 miles, starting from Smyrna, Ga and ending in Alabama. The Tuesday afternoon I visited, the trail was sparsely populated with joggers, walkers and bikers. Here’s a recap of my experience.

Bike ShopIf you don’t own a bike, you might visit the Silver Comet Depot which is on the 4.4 mile marker of the trail. The Depot is a bike rental with a selection of trendy and well-maintained bikes ranging from $10-$16/hr, I choose the Comfort bike, which is a cruiser, Nicole went with the Milano, a hybrid.

The trail

The trail is a paved bike path with a good balance of tree cover and open sky, it avoids crossing any major roads or housing communities and passes next to golf courses and parks. Starting from the 4.4-mile marker our goal was to make it to the 10-mile marker before returning. My phone’s GPS gave us our speed, although it couldn’t always maintain a signal, biking at 6 mph felt like a good leisurely pace.

Under Bridge

Close to the 8-mile marker, around the time we were close to finishing our first bottle of water, we started to see a curious road sign that seemed to indicate the location of a hand water pump. Like the kind you’d expect to find in developing countries, or Texas. Intrigued, we followed the signs down a diverging side path, thinking we’d fill up the water bottle with hand-pumped untreated ground water. Do not follow these signs, there is no pump.

Picnic site

We made it to the 9.8-mile marker and found a bridge overpass to camp under. I packed a cream cheese pastry  from a Shell station, Nicole packed healthier, a homemade PB&J sandwich.

Riding pic

On the ride back, we had 30 minutes to ride 5.4 miles to make it back before 2 hours were up. Riding at 10+mph in 90 degree Atlanta heat proved to be challenging. We kept pace by trying to catch the speedsters on road bikes or racing to the fence up ahead, neither of which I would recommend on a cruiser style bike.

End Notes:

For an additional experience, consider taking Concord Rd if you’re heading back to Smyrna from the Depot. About a mile into the drive you’ll run into a covered one-lane bridge, the kind I’d only seen before in movies.

Shoot the Hooch

The term Shoot the Hooch refers to floating down the Chattahoochee river. Tubing is not an activity one would usually associate with a city, but tubing down the Chattahoochee from Marietta down to Smyrna is a great way to spend an afternoon in Atlanta. I didn’t want to risk taking my digital camera or smartphone with me on this, so I don’t have any pictures.

End at Paces Mill (3).

Start Floating at Johnson Ferry (1) for a 6 hr trip or Powers Island (2) for a 3 hr ride.

Shoot the Hooch.

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So, here’s what a group of 6 Auburn IEs did on a 92 degree Saturday afternoon to Shoot the Hooch. Donuts shaped tubes are $15 at Dick’s Sporting Goods, we had 8 in total, 6 for people + 2 for beer & snacks. You’ll also need a pump, because blowing tubes up yourself is exhausting. Park a car at location 3, and drive a car to location 2 or 1 to cast off from.  We were in for the long haul, so we set float from location 1. We tied our floats together with rope. The first 2 hours were lazy-river-esque; peaceful, quiet and liberating from technology. We hit the first white water challenge a little after 2 hours, and were back dropped to shiny office buildings and condos for the next 2 hours. Around the 5th hour we came up to a cliff which you could climb and jump-off of.  The last hour was difficult, because we were tired and out of beer.

End Notes:

Bring more beer than you think you’ll need and have some road trip games in mind.

Fire of Brazil

Firr of BrazilThe idea of eating airplane food on American Airlines becomes all the more disheartening when you flip through their in-flight magazine, The American Way, and find tantalizing ads for Brazilian steakhouses. Known as churrascarias, Fogo de Chao and Amor De Brazil may be the best known, but if your idea of ‘a hell of a steak’ doesn’t include playing $50 for it, you might consider Atlanta’s Fire of Brazil. The location I visited in Buckhead is the first franchise of the chain, which now totals  5, including International locations in Bahrain and Amman, Jordan.

What it costs: Lunch is $17.95. Dinner is $43, and has 20-25 choices/cuts of meat compared to 10 for lunch. Also, a 18% gratuity is added to your check.

What you get: Unlimited meat & salad bar.

Salad bar

Salad bar

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Side Dishes: Calling this a salad bar doesn’t do it justice, there were around 15 tray items including grilled zucchini, mango and a zesty salmon/shrimp salad.

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Meat Service

Meat Service

Guacho: The meat servers, known as guachos (Portuguese for cowboy) come to your table and slice off the meat directly onto your plate. There were multiple guachos, each with a skewer of a different kind/cut of meat in hand, ready to come over when you give them the signal.

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Green is a go

Green is a go

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The Signal: A two-sided card that you place next to your plate tells the various guachos when to come over. Red signals don’t come over, and green is a go.

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Fill me up

Fill me up

Kitchen Confidential

The manager, Justin, gave me a tour of the cooking area. I went back there expecting a funky looking oven/furnace/cooking pit native to the Brazilian countryside, but was disappointed to find a metal tub that looked like something they had bought at Menards. The only funky-ethnic element of the cooking process was the charcoal they used, which was shipped over from Argentina. But it was impressive to see all the skewers of meat rotating over the coal; dripping, smoking & bubbling juices. Justin said that on holidays they’ll have more uncommon meats; alligator tail, wild boar, and ostrich, were the ones he mentioned.

Shelby by Night

Auburn Engineering’s new centerpiece is the Shelby Center, built in 2007 Shelby houses the Industrial & Systems Engineering Department among others in its 3 floors.  It cost $108 million to build and is made-up of modern lecture rooms, office space and research facilities. Here’s a sideshow of Auburn Engineering’s iconic building by night:

Its a big building

Its a big building

West Wing Rear Entrance

West Wing Rear Entrance

More pillars

West Wing Courtyard Pillars

West Wing Courtyard Pillars

More pillars

Front and just right of Center

Front and just right of Center

West Wing - Industrial Department is on the 3rd floor

West Wing - Industrial Department is on the 3rd floor

Card swipe - Doors lock at 6 & on weekends

Card swipe - Doors lock at 6 & on weekends

West Wing 1st floor interior

West Wing 1st floor interior

Showers in the bathrooms

Showers in the bathrooms

Touchscreen directory - West Wing Entrance

Touchscreen directory - West Wing Entrance

2nd floor Arches

2nd floor Arches

Grand foyer & walk-up

Grand foyer & walk-up

Shelby furnishings

Shelby furnishings

Vehicle Electronics Research lab - My old office

Vehicle Electronics Research lab - My old office

Old office again

Old office again

Calming colors

Calming colors

Shelby from the back

Shelby from the back

In the last picture you can see part of the construction site for the Shelby Phase II buildings, opening soon.

Non-nameplay nicknames are a bit of an oddity in baseball, not many players have them and its unclear what it takes to get one. Having a great non-nameplay nickname is truly more of an art than a science.  Here are my top 5  favorites and how these unique monikers came about:

psandoval1. Pablo Sandoval (Kung-Fu Panda) : Affectionately nicknamed after the Dreamworks character by Barry Zito on September 19, 2008, when he scored a run against the Dodgers by jumping over the tag of catcher Danny Ardoin.

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dmitriyoung2. Dmitri Young (Meat Hook) : A two-sided hook normally used in butcheries to hang up meat or the carcasses of animals such as pig, Dmitri sounds like ‘DaMeat’hook.

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Ranger linebacker Travis Hafner3. Travis Hafner (Pronk) : In his minor league career he was called “The Project” and during in spring training of 2003 some of the players began to call him “Donkey” because of how he ran (Project + Donkey = Pronk).

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FrankThomas4. Frank Thomas (The Big Hurt): Coined in 1992 by broadcaster Ken Harrelson presumably because he used to strike fear in the competition by swinging a rusted iron pipe in the on deck circle.

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Cubs Astros Baseball5. Carlos Lee ( El Caballo): Another broadcaster-origin presumably becuase he puts a team on his back and carries them, also a popular atta-boy saying in Latin America.

Graphite ElectrodesIf you believe that the economy will recover, as I do, and want a good investment to play the recovery, take a closer look at Graftech International (ticker symbol: GTI). Graftech, which has a $1.4 billion market cap is primarily a maker of graphite electrodes used in the production of steel. Graphite electrodes are devices used to conduct electricity into an electric arc furnace (pictured here) which generates sufficient heat to melt scrap steel. Graphite electrodes are consumed at a rate of 1 every 8-10 hours. Graftech has  manufacturing facilities in 4 continents and its customers are mini-mills, a long-term growth segment in the steel industry.

Jim Cramer says that everyone should have an investment thesis before handing over their hard earned money to a company, and the investor should only sell if that thesis changes.

I bought shares of GTI last week at $10.61, and here’s my thesis.

Investment Thesis: The recession based reduction in the demand for graphite electrodes has squeezed out competitors who didn’t a have strong balance sheet like Graftech. Economic recovery, combined with the depleted inventories of steel producers preempts a rush in orders that will lead to top line growth as Graftech gains market share.

Strong balance sheet:

Here’s a snapshot of their financial statements. Note the growth in operating profit margin, it shows they’ve been able to keep costs down in the midst of sales growth, an indicator of a well run company.

Financial Highlaights

Net Debt

The recession has been particularly brutal on over-leveraged companies, because a slow down in sales hurts a company’s ability to meet its debt obligations. Graftech is not one of them. The company was well positioned for the recession in 2008 in terms of its debt, which has allowed to be profitable during the downturn.

Also, Graftech hasn’t compromised its liquidity to reduce debt. Its likely that this means the company has been able to control costs very effectively, perhaps taking advantage of an  economy of scale.

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Sales downturn:

Quarterly Results(ended) 31-Mar-09 31-Dec-08 30-Sep-08 30-Jun-08
Total Revenue 134,026 264,950 315,748 319,538
Cost of Revenue 101,932 167,569 201,795 205,188
Gross Profit 32,094 97,381 113,953 114,350

The quarterly results above show a tremendous drop in sales during the recession, in particular note that sales dropped 50% between Q4 2008 and Q1 2009. This drop can be explained by steel producers halting orders & choosing to eat through inventories amid recession uncertainty. Such a big drop in orders will hurt any company, particularly manufacturers who have fixed costs that can’t be scaled back, but the opportunity here is that Graftech’s competiors who aren’t as well positioned, will be hurt more. Once steel producers start ordering again, amid a economic revcovery, Graftech will be there to ramp up and meet the demand.

Financial Stats:

  • Beta value, which measures stock price volatility, is scary high at 2.67. But I’m not worried because they’re a supplier  to the steel industry, an economic staple.
  • The 52-week high is 25.66, back in 7/23/08, given that this company has manged to stay profitable through the recession and dramatically cut debt, their well positioned to gain market share.
  • No dividends, but that frees up capital to re-invest in manufacturing once orders start pouring.
  • Current Ratio, which measures the ability to pay bills in the short term, is a very high 2.239.

Additional Notes

Graftech is slightly diversified, its core competency (85% of sales) is in the global graphite electrode market, Graftech also has a Engineered Solutions (15% of sales) segment with exposure in the solar, oil exploration, electronics, transportation and thermal processing industries.

Graphite electrodes have no commercialy viable sustitutes.

An American company based in Cincinnati, OH, but has a strong presence in emerging markets.

Current Ratio (mrq):2.239 31-Mar-09 31-Dec-08 30-Sep-08 30-Jun-08
Total Revenue 134,026 264,950 315,748 319,538
Cost of Revenue 101,932 167,569 201,795 205,188
Gross Profit 32,094 97,381 113,953 114,350

gas-pumpFilling up at the pump yesterday made me think of last summer’s high gas prices, and I realized that it was about this time last year that gas prices were topping $4. I did some research on the Department of Energy website and found this Gas Price Chart, which shows that the week of July 7-14 last year had the highest gas prices since 1990. During this week last year, the US had an average nationwide retail gas price of just above $4.05 per gallon. Today, gas prices sit at a comparatively low $2.56 per gallon, the reason being, the recession has led to a decrease in the demand for gas, consequently driven prices down since last year’s highs. But gas prices depend on more than just the price of crude, here’s a breakdown of the price of gas is comprised of in the US:

gas-price-breakdown-3

*A historical breakdown of the percentages since 2000 can be found here.

Crude Oil – The average price of crude oil purchased by refiners.

Refining Costs – Charged to wholesale distributors by refineries to covert the crude oil into usable products.

Distribution & Marketing Costs – Getting gasoline to customers who want it.

Taxes – A national average of federal and state taxes applied to gasoline.

How do gas prices in the US compare to the rest of the world? The table below shows the most expensive and least expensive, the most current data I could find is for March 2008 and the source is CNN/AIRINC.

March 2008 Country Price in USD Regular/Gallon
Expensive Eritrea $9.58
Norway $8.73
UK $8.38
Netherlands $8.37
Monaco $8.31
Curacao ……..$4.75* *7/10/09
USA $3.25
Cheap Venezuela $0.12
Iran $0.40
Saudi Arabia $0.45
Libya $0.50
Swaziland $0.54

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