BYX- Bayou Steel Message Board

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Microcap & Penny Stocks : BYX- Bayou Steel

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To: terry gillham who wrote ()	1/6/1998 1:45:00 AM
From: Gary C. Kennedy	Read Replies (1) of 101

From the 10K just filed. Sept 96 backlog $63 million--Sept 97 backlog $110 million--October 97 backlog $110 million. Company states October sales best in Company history yet backlog went up by $2 million. Legal fees that approached $.60 per share should be substantially lower this year. Lower natural gas prices add to steel company bottom lines. Company has in excess of $100 million in tax credits to offset future earnings. Stock sells at .7 times book. Tenessee mill has reached the profit threshold. Foreign producers not to competative because of high shipping costs for steel beams. I look for earnings in the $.70 to $1.30 range this year.

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