Kerm / Wolverine / Service sector
Sorry I didn't see your post last night, although I'm not sure I'd have had
anything to add if I had seen it -- Richard's questions and observations are very on point.
Thanks, Richard, for your contribution. I've asked around about Wolverine a bit, but so far
the people with the inside story on the company seem to be out of town for the
Thanksgiving long weekend. I'll be interested to hear what you think after you speak
to management, Kerm.
I asked a broker today who follows Prudential Steel what he thought. After all the
glowing comments, he brought up one caveat that I found interesting: Prudential
is going flat out at full capacity. So -- the only short term route for higher earnings
is higher prices (OK, maybe improved efficiency too, but if they're already so
wonderful, that's probably not going to be a big factor). Longer term they could
add capacity, but maybe the boom will be over by then. I thought it was a useful
comment, anyway.
The same broker recommended Ryan energy. I'm expecting a package shortly,
and will pass along anything that seems useful. Nothing wrong with what he
told me, but I get suspicious when someone involved with part of the dealer
syndicate hypes the issue -- in this case, RBC DS. Call me cynical.
A new name I'm starting to hear - Symmetry Resources. Anyone heard of them?
Have a good long weekend, all. |
