Schnitzer Steel (SCHN): I think this stock is over valued at the...

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Schnitzer Steel (SCHN)

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Alias Born	08/06/2015

Re: None

Thursday, 08/06/2015 3:57:11 AM

Thursday, August 06, 2015 3:57:11 AM

I think this stock is over valued at the current price of 15.90.- $10 to $12 more realistic.
The volume has been steadily declining and world scrap prices are soft.
I see no demand increase in the steel business to bolster scrap prices.
In fact, I think the export market to Chna, their main customer, will continue to shrink
as the Chinese steel market matures and the country generates more of their own scrap,
further reducing SCHN revenue. They talk of restructuring but it looks like more losses to me.
Steelman3

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Recent SCHN News

Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:01:07 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:28:51 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:27:04 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:24:38 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:22:06 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:19:13 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:16:10 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 07:43:02 PM
Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/03/2024 04:06:11 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:20:14 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:19:51 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:19:35 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:18:59 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:18:45 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/02/2024 10:18:25 PM
Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 04/08/2024 09:11:31 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 04/04/2024 04:34:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 04/04/2024 12:00:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 03/14/2024 08:35:18 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:59:51 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:57:17 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:53:58 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:51:28 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:43:29 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 10:00:51 PM

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