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stock_peeker

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stock_peeker

Re: None

Friday, 09/10/2010 8:01:31 AM

Friday, September 10, 2010 8:01:31 AM

Post# of 173916
07:01 CNAM revenue outlook reduced:

China Armco Metals provides impact on Jiangsu Province Power Restrictions; expected to impact its revenue in 2010 by as much as $40 million (3.82)

Co announces that that the Jiangsu Provincial Government has scheduled rolling blackouts in September for the Lianyungang enterprise zone where its wholly owned subsidiary, Armet Renewable Resourced, operates its metal recycling facility. The energy restrictions will significantly reduce their recycling capabilities in the fourth quarter which is expected to impact its revenue in 2010 by as much as $40 million. This has caused management to revise its financial guidance for the full year of 2010 which is now expected to exceed $140 million with net income exceeding $8 million.

Speaking of Healthcare, aren't you glad all doctors don't lick their fingers? ;>)

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