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


To: Andrew F who wrote (93)3/7/1999 5:54:00 PM
From: Herc  Read Replies (1) | Respond to of 101
 
I bought some more shares last week. I couldn't get a fill on all I wanted at my limit price though. It's activity was picking up a bit.
I read their annual report, and they have $200+ million in tax loss carry forwards. For a company with so few shares, this is a lot.
But their CEO has majority voting rights and makes over $500,000 in salary. So what does he care?
I read on some Dow Jones newswire that the "outlook" for steels is improving.
As I told the COO in an e-mail, I couldn't face myself in the mirror if I were running a company with a P.E. of less than 2. Get that stock price up!