Simclar Inc - SIMC Message Board

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Technology Stocks : Simclar Inc - SIMC

SIMC 0.0001000

-50.0%

Mar 7 3:00 PM EST

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To: Norrin Radd who wrote (30)	4/2/2008 2:12:25 AM
From: Tom Caruthers	Read Replies (1) of 44

Lots of news on SIMC lately. They fired the CFO, announced a $0.01 loss for Q4, cash flow of $7M in 2007, paydown of debt, a $700K charge coming in Q1 for closing down North Carolina facility (they said it was supposed to be in Q4 2007). Looks like stock will trend down for now. Also impacted by slowdown in economy/contract manufacturing. Think this is a well-run, lean company, with no hesitation to cut the fat. They have paid down long-term debt significantly and should emerge a much leaner and competitive company. I will look to buy shares of SIMC in the coming months. Tom

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