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Microcap & Penny Stocks : BYX- Bayou Steel
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To: John S. Baker who wrote (80)11/19/1998 4:32:00 PM
From: Andrew F  Read Replies (1) of 101
 
Earth calling all investors who are sane:

Glass half empty or 3/4 FULL? One would think that 4Q margins have deteriorated. Or that the word 'possibly' means 'in almost all certainty.' Yes, management did say that slowdowns are possible, and that shipments may slow. They also said:

a) they had the best results in the 18 year history of the company
b) cash flow from operations was at an all time high
c) 4Q was its best quarter in history
d) annual profit from Tenn. operation was best since '95 acquisition
e) metal margin improved steadily throughout the year
f) backlogs have remained solid
g) customers are reporting solid shipments
h) they have 36 million in cash
i) they have significant flexibility in the event of a bigger slowdown

Am I going crazy? Last quarter they kicked butt, and said backlogs were strong. So what did they do? Kicked more butt, and said backlogs remain strong. Well, I am no psychic, and I cannot predict what management will tell me NEXT quarter about TWO quarter's from now's outlook, but I see money flowing in IN RECORD amounts.

Anyone worried about BYX can go ahead and buy EBAY, AMZN, YHOO, or other high-flying companies that do not earn a dime or promise to earn a dime for the next three years. I'll stick with BYX and the planet earth.
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