lytnup,
Glad you and others make good post here. A lot of people on Yahoo, can we find a way to get everybody one place. Maybe here better.
About steel, remember Nettel is historically amateurish with forecast. I would bet steel supply side number being under/ over hugely. Still steel is one of the hugest opportunities, even nettle might manage to take advantage of. Asia hungry for all steal. On Mike Russo’s words, his info is off when explaining the business. I don't think he a liar, problem he not a finance guy at heart and without a qualified CFO to filter information to him, he is aiming in dark. Maybe problem solved when they get a real CFO to back him up. I don't think this happen for this year.
But, I agree even with all the misteps and hyping, this stock going to be valued much much higher. Relax, a lot of people going to make money. Revenue and earnings is growing, and will continue to even if not at the pace we like. My bet is anyone who buys now is going to make a multiple after next 10Q. My crystal ball show between 2nd Q or 3rd Q release this go to $1, and if they get near forecast after 10K released it almost over $5. Next year get good manager team, and this go even higher sure. But, I wrong before, so who know. I tell you , with a lot of missed forecast from before, the market isn't going to budge much until hard numbers out. That is why they need to get the auditor problem fixed, and release report before audit due date for now on. If nettel reading and serious company, less PR, better financial reporting please.
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