This stock is trading at close to 3 year lows - it is currently about 40 cents. The stock has been badly hammered by it Powdered Metal division not receiving an order and subsequent huge write-downs in development costs. Also Polytwine division experienced price pressures. In short, the stock lost about 29 Million for year ending August 30, 1996.
however, the Powdered metal divsion has secured a relatively small order. The PolyTwine business is expected to firm up in sales and profitability.
What do you think? Is it a screaming buy or what? |