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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (7087)	5/7/1999 11:32:00 PM
From: TwoBear	Read Replies (1) of 78475

Update: VAR has quietly moved up 20%. I have been researching another stock that I thought was worthy of mentioning. Steel Technologies Inc. (STTX). STTX is an intermediate steel processor engaged in the business of processing flat rolled steel for industrial customers who specify thickness, width, temper, finish and shape (Yahoo). First the numbers: Price/Book (mrq) 0.92 Price/Earnings (ttm) 9.78 Price/Sales (ttm) 0.28 Per-Share Data Book Value (mrq) $10.12 Earnings (ttm) $0.95 Sales (ttm) $33.71 Cash (mrq) $1.05 Annual Dividend (indicated) $0.12 Dividend Yield 1.29% Recently announced excellent earnings with a 20% upside surprise and subsequently received two upgrades but is still trading below book. On the TA side it has broken through a year-long down trend to the upside. I recently heard that the government is trying to inhibit steel importation from Japan. Now, is this beneficial for the U.S. Steel industry? I'm not sure. Couldn't hurt. Has this one come up on anyone's screen? Does anybody know about any skeletons? Let me know. 2

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