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

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To: Richard Mazzarella who wrote (94)10/3/1997 8:48:00 AM
From: Bobby Yellin   of 108
 
Hi-spoke with one of the founders of the company yesterday..he said
there were problems with dumping from other countries and thus small
margins..also he said in the past couple of years they have expanded
and that should kick in later..he said that the earnings often go
contrary to the economy..since the float is small and insiders own
almost half..once earnings start improving again..the upside should
be fast..the company is trading close to book value..they are restructing a bit and trying to make things more efficient..got a bit
sad when he said they were laying off some people(hopefully they will
find jobs elsewhere..I think all this corporate layoff is fullsteaming
our country to deflationary times..and have caused a lot of heartaches
in the name of stockholders..rats)
he said they are also using some equipment for longer hours to help
with the productivity...sounds like they are trying..
bobby
any thoughts?
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