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Non-Tech : Oregon Steel Mills (OS:NYSE) Boom or Bust? -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (9)	1/31/2000 5:03:00 PM
From: Laserguy	Read Replies (1) \| Respond to of 21

I think we are now in a spectator mode. My original attraction was: the dividend yield combined with OS past history as a player in their industry. Short term I see trading opportunities, but, prefer to see current events unfold (like the pending rail contract) before taking a position for investment purposes. Glad to have more participants taking the OS pulse. Regards, Laserguy

To: John Madarasz who wrote (9)	1/31/2000 11:29:00 PM
From: June	Respond to of 21

Thanks for the link. I bookmarked the site. I like reading what local press has to say. I am not sure how much credence to give lowered estimates that came out today. His previous and new estimates seem to be a little extreme. The Dec. 31, 1999 ValueLine estimated the fourth quarter earnings at 7 cents and 2000 at 70 cents. (IMO that will be revised down but to what?) The report ended with "...this neutrally ranked issue might now tempt patient, venturesome investors." Monday January 31, 3:24 pm Eastern Time RESEARCH ALERT - Oregon Steel estimates cut CHICAGO, Jan 31 (Reuters) - ABN AMRO analyst Todd Hinrichs said Monday he is lowering estimates on Oregon Steel Mills Inc. following the company's results as it is likely to remain in a lean period for the next few quarters. -- Said fourth quarter 7 cent per share loss was 20 cents more than consensus estimate. -- ``We believe the company suffers from mix and union issues,' Hinrichs said. -- Lowered 2000 estimate to a loss of 14 cents a share from a previous estimate of 88 cents per share profit. Cut 2001 estimate to 53 cents per share profit from a previous estimate of 98 cents a share profit, based on conservative view of the company's ability to secure large, more profitable pipeline contracts. -- ``We believe the company's first quarter result could fall to levels materially below the company's fourth quarter actual loss as the brunt of a further expected mix decline occurs,' he said. -- Analyst maintains hold rating. -- Shares up one to 5-1/4. biz.yahoo.com