Hi Rooster & Brian,
I thought Id be starting this thread but hey its good to see someone else is here. I read through the massive amount of posts so far on the thread and (yes that was sarcasm) I dont have much info yet either. But I do have an answer to the Insider ownership question and I think you will like it.
"Schuff Steel is a steel fabrication and erection company that operates in the southwestern US (primarily in Arizona, California, and Nevada), as well as in South America and Mexico. The company specializes in large projects that incorporate a "design as you go" philosophy and require engineering, fabrication, and construction on a limited time schedule. Schuff Steel fabricates and erects steel used in office buildings, hotels and casinos, mines, and power plants, in addition to pipe and steel plate. Cofounders David Schuff and his son Scott will own about 69% of the company after its IPO."
That last 2 announcements alone on Yahoo (for new contracts) = approx the amount of revenues they made last Q.. so they have just won enought contract money to sustain a whole Quarter. Thats pretty impressive in anyone's book.
I like most of the fundamentals of the company including decent growth (I guess Im used to tech companies), low PSR, low PEG, decent P.E, great low float...
my #1 concern at this moment is the low volume...
Seems most of its "competitors" or co.'s in the same industry have P/E's between 15-20 or so.
So SHUF is projected to make 1.13 for full year Dec '97
1.13 x PE of 16 = $18
Thats 50% from here. Could be interesting, especially with this kind of float. Once again, pure speculation on the #'s.. have to do more research.
Rooster, where did you get this info? "PR company will present them, along with their other clients, sometime around Oct. 20th. I'm hoping that the stock gets a pop out of the exposure."
Thanks,
Mark
Thanx and I will look into the company more this weekend, |
