SLV sucks..but scrap steel...ALJJ......weeee
I know you were in ALJJ before the crash. The numbers they are now posting Q over Q are above the 07-08 numbers. 10baggers take:
Friday, July 08, 2011 3:00:32 PM
Re: None Post # of 88
ALJJ.. $0.54 Earnings.. As I have been traveling the past week and am on a lap top my responce has not been a quick as usual.. I see that we have picked up a few new shareholders today.. ALJJ's latest earnings and today's sales release indicate that this Qtr. when published nxt month will /should/could show $0.065 to $0.078 in earning for this reporting period.. As steel scrap and raw steel price have turned upwards during the past month I believe that the next reporting quarter should show another 30% + increase in sales and earnings of close to $0.10.. At these prices ALJJ remains cheap and an increase in earning power along with the probable increase in PE's should make ALJJ a 3 bagger from here before the end of the year.. hank
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ALJ Releases Third Quarter 2011 Revenue Performance
ALJ Regional Holdings, Inc. (Pink Sheets:ALJJ) posted revenues of $43.3 million and $116.2 million for the three months and nine months, respectively, ended June 30, 2011. This compares to $31.0 million and $80.5 million for the comparable three month and nine month periods in fiscal 2010. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.
According to John Scheel, ALJ's Chief Executive Officer, "The revenue for the recently-completed third quarter of the 2011 fiscal year was up nearly 40 percent over the year-earlier quarter. This was about two-thirds due to increased sales volume and one-third to increased pricing. The year-over-year fiscal year-to-date results were even better with volume and pricing sharing nearly equally in improvement. Our full financial results, which will be published within the next few weeks, will also reflect the recent equitization of all of the ALJ securities senior to the common shareholders. We are looking forward to meeting with our shareholders on July 18th in New York City."
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
