HCO: Huntco, Inc. Message Board

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Non-Tech : HCO: Huntco, Inc.

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From: 5,17,37,5,101,...	5/4/2001 3:24:19 PM
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HCO has suffered from neglect and mismanagement for quite some years now, but it looks as if managment may now be motivated to turn things around. The deal with Enron for the sale of the Blythesville, AR plant rids the company of a major loss-producing asset and allows management to concentrate on its profitable hot rolled steel businesses. After the deal and revaluation of assets, the true book value of the company will probably be somewhere around $5.00 per share; debt-to-equity will be lower; costs will be more manageable; cash flow will improve. So at $1.21 per share as of this writing, I think the potential for an upside move is pretty good. Yours Always, Jackson

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