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Microcap & Penny Stocks : BYX- Bayou Steel -- Ignore unavailable to you. Want to Upgrade?

To: walt zweifel who wrote (21)	11/7/1997 7:09:00 PM
From: walt zweifel	Read Replies (1) \| Respond to of 101

I was in touch with the CFO at BYX who really didn't shed any additional light on the incident at the mill in TN. But my initial take when I first read the news release is that this company is run by management sharp enough to have had that mill sufficiently insured. Its a shame the fire came on the heels of 500+ point drop on the Dow. The combination really hammered the stock price. Mr. Gonzales did offer the fact that at present they plan to report 4th quarter numbers (October 31 end) the first part of December. Earlier this month I took some paper losses to offset some gains in order to lessen my tax liability. My basis is now at 3 5/8. I'm still long BYX. regards walt