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Post# of 114752
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larrybaz

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larrybaz

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Re: hweb2 post# 92791

Saturday, 11/20/2021 11:17:16 AM

Saturday, November 20, 2021 11:17:16 AM

Post# of 114752
FRD - I think the big question is whether investors will have the patience to look past the upcoming third quarter. From yesterday's PR:

"The Company expects physical margins to decline slightly during its fiscal third quarter ending December 31, 2021 but to remain at a level well above historical average margins. A modest decline in sales volume is expected due to a combination of typical demand seasonality around the holidays and customer hesitancy with steel prices showing decline in the third quarter. The Company also expects to reclassify a loss of approximately $14.7 million into earnings during the third quarter related to derivatives designated for hedge accounting."

This second quarter's blockbuster earnings totaled $13.2M.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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