Consolidated Stainless, Inc (NASDAQ PIPE) Message Board

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

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To: Bobby Yellin who wrote (60)	3/30/1997 8:50:00 AM
From: Richard Mazzarella	of 108

Bobby, <<anybody have any idea what the book value is>> We should see that Monday in the balance sheet. I expect the annual report then. I think that this report may show flat earnings, but we should see information that supports a turnaround, that's my hope. At the end of April, we will then get a quarterly report that proves the turnaround. I expect the stock to be close to $10 later this summer. I am long now, but the way I will play this is to buy PIPE if the markets sells on flat earnings news. The company is heavily owned by management and they have a "gift" for protecting their interests, I am sure. The stock may be cheap not much longer IMO. Because the company is owned mostly by insiders, I don't see it as a takeover candidate, sorry.

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