BYX- Bayou Steel Message Board

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Microcap & Penny Stocks : BYX- Bayou Steel

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To: Herc who wrote (90)	2/18/1999 10:21:00 PM
From: Andrew F	Read Replies (1) of 101

The only thing which is truly a risk (as far as I can see) is the 'take-under.' (Victor Sperandeo: a depressed stock bought out cheaply, or even below the current price, sometimes.) Barring that, with the company getting the return on equity it is getting, how can you complain about management very much? If I owned the stock at much higher levels for a long while, I'd be more disenchanted, but I am not. I would be very upset if the stock got bought out for under fifteen dollars per share, and I mean that in all seriousness. It is that undervalued. A low stock price that enabled me to get in also lets others in too. I am not naive enough to believe that day after I buy it it should reverse course and the world should wake up to its value. In the absence of all else it will simply take time to get retained earnings to reflect in its price.

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