Consolidated Stainless, Inc (NASDAQ PIPE) Message Board

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Microcap & Penny Stocks : Consolidated Stainless, Inc (NASDAQ PIPE)

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To: Richard Mazzarella who wrote (79)	4/16/1997 2:03:00 PM
From: Ken Reidy	of 108

Hi Richard, Do you interpret the following press release to be a subsequent press release painting a brighter picture for the 2nd Quarter or just Reuter's version of the press release? Are you going to continue to hold? Thanks. Ken Wednesday April 16 9:52 AM EDT Consolidated Stainless Inc sees Q2 price improvement ORLANDO, Fla., April 16 (Reuter) - Consolidated Stainless Inc said it believes its second quarter performance will improve because it expects selling prices in the stainless steel industry to rise. The company said its 1996 net loss is largely attributable to its $2.5 million inventory write-down, as well as the costs involved in integrating new divisions. The company said it had acquired in 1996 Flow Components Inc and Twenty First Century Metals Inc. It also began operating a manufacturing plant. The company also said the first quarter was impacted by lower than expected demand and gross profit margins.

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