Sharing Knowledge in Smallcaps

[timhyma]

After digging around on WHX, I don't think this is a stock to play with. Throwing it out the window- Tim
WHX Corporation is a holding company that has been structured to invest in and/or acquire a diverse group of businesses on a decentralized basis. WHX's primary businesses are Handy & Harman, a diversified manufacturing company whose strategic business segments encompass, among others, specialty wire, tubing and fasteners, and precious metals plating and fabrication, Unimast Incorporated, a manufacturer of steel framing and other products for commercial and residential construction and WHX Entertainment Corp., a co-owner of a racetrack and video lottery facility located in Wheeling, West Virginia. WHX's other business consists of Wheeling-Pittsburgh Corporation and its subsidiaries, including Wheeling-Pittsburgh Steel Corporation, a vertically integrated manufacturer of value-added and flat-rolled steel products

Book Value (mrq) $9.87
Total Cash (mrq) $44.1M
Shares Outstanding 15.7M Float 1.10M
Shares Short 3.72M Percent of Float 338.0%

Charts- says wait to me
http://clearstation.etrade.com/cgi-bin/details?Symbol=whx&Refer=http://clearstation.etrade.com/


Has some legal problems:
The WPC Group is a party to various litigation matters
including
general liability claims covered by insurance. Claims that are
"pre-petition"
claims for Chapter 11 purposes will ultimately be handled in accordance with
the
terms of a confirmed Plan of Reorganization in Chapter 11 cases. In the
opinion
of management, litigation claims are not expected to have a material
adverse
effect on the WPC Group's results of operations or its ability to reorganize.