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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (27968)9/30/1999 8:42:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 99985
 
That's a real good idea Heinz. Steel stocks. Not sure if anybody needs steel in a recession, though. <g> Still see a lot of disbelief on gold. The talking heads are saying it is a mirage. I will probably buy any big pullback- the gold bear is OVER.



To: pater tenebrarum who wrote (27968)9/30/1999 8:58:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 99985
 
<since the gold stocks have now rallied considerably, this is the most out-of-favor group. they trade at about 1/3 of book value have lots of cash,>

How can they trade at such a discount to book value?



To: pater tenebrarum who wrote (27968)9/30/1999 9:11:00 AM
From: Jurgen  Respond to of 99985
 
Heinz:

i'm with you on that steel thing, picked up some BS @7
Looking at the chart i realize it's cold out there and lonely, but the downside seems limited.

BS - BETHLEHEM STL CORP

Symbol: BS Exchange: NYSE Price To Sales Ratio: 0.22
CUSIP: 08750910 Cross Reference CUSIP:
Industry Group: Steel-Producers Industry Sector: Materials
SIC Code: 3312 SIC Description: Blast furnaces and steel mills

Bethlehem Steel Co. produces a wide variety of steel mill products including hot rolled, cold rolled and coated sheets, carbon and alloy plates, rail, blooms, pipes and bars. For the 6 months ended 6/99, revenues decreased 16% to $1.94B. Net loss applicable to Common totalled $75.9M vs. net income of $85.2M. Revenues suffered from a lower realized prices and lower shipments. Loss reflects additional costs related to Sparrows Point furnace.

FY'93 - FY'91 restated due to inventory change from LIFO to IFO. Diluted adjustment N/A for Q's.


Issue type: Common Issue Status: 0

Market Cap: 924.1 mil

Annual Dividend: 0.000 Yield: 0.0 Options: YES, BS

Book Value Per Share: 10.75 Beta: 1.261 Last Update: 09/25/1999

Trailing 12 Months Revenues Per Share: 31.51

1 Year Revenue Growth Rate: -9.971% 1 Year Earnings Growth Rate: 0.000%
3 Year Revenue Growth Rate: -2.743% 3 Year Earnings Growth Rate: -19.760%
5 Year Revenue Growth Rate: 0.704% 5 Year Earnings Growth Rate: 15.902%

Revenues And Earnings Per Share Excluding Extraordinary Item

(The Quarterly Dates are Based on the Company's Fiscal Year)

Revenues 12 Month Earnings 12 Month
Quarter 1,000's Change Per Share Change

06/1999 984,800 -17.22% -0.31 N/A
03/1999 959,500 -15.28% -0.28 N/A
12/1998 1,012,500 -9.47% -0.26 N/A
09/1998 1,143,100 2.67% 0.20 -23.08%
06/1998 1,189,700 -1.43% 0.23 -80.67%
03/1998 1,132,500 -5.03% 0.49 96.00%
12/1997 1,118,400 -2.66% 0.25 N/A
09/1997 1,113,400 -5.21% 0.26
06/1997 1,206,900 1.19
03/1997 1,192,500 0.25
12/1996 1,149,000 -3.19
09/1996 1,174,600 0.00

Dividends Dates
Type Announcement Ex Record Payable Amount

13 10/22/98 00/00/00 10/18/98 00/00/00 1.00




EPS Date EPS P/E
6/99 -0.67 0.0 Including Extraordinary Items
6/99 -0.64 0.0 Excluding Extraordinary Items

Float: 128.20

Shares Outstanding: 130.8
Float as percent of shares out: 97.98
Short Interest As Of 09/08/99: 4.41 mil

Short Interest as a percent of the float: 3.44%

Institutional percentage held: 65.58%