WS - WEIRTON STEEL is and INTERNET B TO B STEAL Message Board

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Non-Tech : WS - WEIRTON STEEL is and INTERNET B TO B STEAL

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To: A1BRIAN who wrote (1)	12/30/1999 3:51:00 AM
From: EL KABONG!!!	of 12

A1BRIAN, I have followed WS for a couple of years now. Believe me when I say I was quite shocked to see a quote over $7 a share. When I followed them (somewhat sporadically) they were ranging between $2+ and $3+ per share. And not much to recommend them. I still fail to see any near term growth at all. And at $7 a share, I suspect (haven't done the numbers in over a year now) that they're likely not a value play either (best guesstimate is that they're priced between 2 and 3 times actual or intrinsic value). I'd be interested in what any analysts might have to say, so I looked them up... quicken.excite.com They've surprised the market 4 of the last 5 quarters by failing to meet earnings forecasts. They're currently followed by only 2 analysts (possible these analysts are employed by whatever firms are marketing the company, so caveat emptor). As for institutional interest, the only one I could find was Vanguard Total Stock Market Fund (there may be pension funds or other institutional interest that I wasn't able to find quickly). Bottom line? The time to have bought these shares may have been before the run-up to $7+. Buying now likely entails considerably more risk. Best of luck to you and I hope it works out well for you, but I'll pass for now. KJC

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