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Non-Tech : Schuff Steel Company (SHUF)--doing well!
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To: Rooster Cogburn who wrote (3)10/12/1997 2:54:00 PM
From: Rooster Cogburn   of 14
 
"The Company completed an initial public offering of 2,000,000 shares of common stock on July 7, 1997. The offering yielded $14.2 million in proceeds net of underwriting discounts and other costs. The Company plans to use such proceeds to fund $7.0 million in S Corporation distributions (out of a total of $8.0 million accrued at June 30, 1997), to purchase $2.5 million in specialized fabrication equipment, with the balance to fund general corporate purposes including the acquisition of businesses complimentary to the Company's business and growth strategy."

Sounds as if this company is going to try and acquire additional smaller companies in the near future.

Rooster
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