Mark's Post
Stock of the day: (drumroll)...MTL!! Steel is back with a vengance.
5 Replies:
I hope GSI gets to go along for the ride. I've been holding 1000 since 14.75 last year. They're getting killed on their EPS last 2 quarters. Year over year rev. up 600%
They should be doing good with steel prices where they are. I wonder what's hurting them.
Margins down a little. Costs up. Haven't passed costs onto customers. Last year they were supposed to do 4 Joint Ventures, only completed 2 will prob. not do any this year. So expectations have been set real high.
They originally listed with the AMEX and after 1 month vol. absolutely disappeared. They relisted on the NYSE this year, no change. They had a good Q1, but missed on EPS estimate, no change. Then finally vol. started picking up and got a nice run up to Q2 earnings. Missed on EPS again. 20% haircut in the AH.
That sucks.
