BYX- Bayou Steel Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BYX- Bayou Steel

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Franklin M. Humphreys who wrote (27)	1/7/1998 11:22:00 PM
From: Gary C. Kennedy	of 101

Frank It was almost all do to the unions and the strike settlement reached. There should be some small costs for the first quarter of 98 but then those costs should be gone. Also it is my understanding they entered a favorable five year union contract. Also with natural gas prices down from last year there bottom line should start benefitting from that also. I think it went down from the $4.25 area to $3.25 because of tax sellling and if the first quarter earnings are decent which they should be you will see the stock in the $4 to $5 range. A big plus is there huge tax loss offset of approximetly $200 million against future progits.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next