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| 5460 Executive Pkwy SE, Grand Rapids, MI, 49512-5507, US. TEL: 616-698-2100 | ||||||
| Last Sale | Net Change | % Change | Volume | Last Updated | ||
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| $12.55 | unch | unch | 2,185 | 10/30/08 2:55 PM ET | ||
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| Security Type | Common Stock | Specialist | 711 | |
| Industry | Manufacturing: Industrial; Chemical | Trading Post | 05 | |
| Primary Exchange | Amex | 0001018349 | ||
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| Description |
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Riviera Tool Co. designs and manufactures large scale, complex stamping die systems used to form sheet metal parts. Most of the stamping die systems sold by the company are used in the production of automobile and truck body parts such as roofs, hoods, fenders, doors, structural components and bumpers. Riviera's dies are used in the high-speed production of sheet metal stamped parts and assemblies. Production of such parts is a multiple step process involving a series of dies. Typically, the first die is used to cut the appropriate size metal blank from a sheet or coil of steel. The next die draws the metal blank into its primary shape and subsequent dies are used to bend edges or corners, create flanges, trim-off excess metal and pierce assembly holes. A customer usually orders only one series of dies for each separate part. Normally, the dies do not require replacement due to usage because the life of well-maintained dies is sufficient to carry production to the point when styling changes dictate production of new dies. The dies manufactured by the company generally include automation features, adding to the complexity of design and construction. These automation features facilitate rapid introduction and removal of the work piece or raw material into and out of the die, thereby increasing production speeds and reducing labor cost for part manufacturers. As OEMs continue to reduce lead times of new model launches, Riviera produces concurrently many of its tool designs and manufacturing processes. In certain instances, before the final design by the customer is complete, the company already has ordered many of the raw materials, such as steel, and may have begun various machining operations. Typically, Riviera will receive part data or descriptions in the form of electronic files, which the customer wants the company to use in developing a tool to produce that part. The tool design is then created by Riviera, using computer aided-design software. The company then uses computer software that simulates the metal-forming process within the die. This simulation data is then utilized in final die design to reduce the need for expensive and time-consuming reworking of the die during the tryout process. Upon completion of tool design, Riviera develops the computer programs, which drive the cutter paths on the machine tools. Prototype tooling and parts are used during the design phase of new models. Automobile manufacturers validate the fit and function of the respective components and assemblies and the repeatability of the respective production processes. |
| Quote |
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| Last Sale | $12.55 (10/30/08) | |||
| Net Change | unch | |||
| % Change | unch | |||
| Previous Close | $12.55 | |||
| Today’s Open | $12.55 | |||
| Today’s High | $12.55 | |||
| Today’s Low | $12.55 | |||
| Volume | 2,185 | |||
| 52 Week High | $12.80 | |||
| 52 Week Low | $9.72 | |||
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| Fundamentals |
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| P/E ratio | N.A. | Short Interest | N.A. | |
| Earnings Per Share | N.A. | Current yield | N.A. | |
| Shares Outstanding | 3,410,000 | Dividend Info | ||
| Market Cap | 42,795,500 | |||
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