STU - Steel & Tube Holdings

[BlackPeter]

Even uglier chart with interesting (in a bad way) volume  over the last few weeks.

It's gonna be swingeing.

Mark resigned yet?

Interesting - somebody tried to sell over the past weeks (though - overall volume wasn't that high - something like 600k shares over the last 3 weeks), but hey - last (though not so good) announcement was in late February. Either people with small portfolios but insider knowledge selling or otherwise people with small portfolios witout insider knowldege and the desire to sell based on well aged data.

Currently it looks like whoever is selling doesn't want to go below 34 cents ... maybe the bidders need to tune up?

Opportunity for traders to either ride the dead cat bounce or get into the stock at its bottom? Well, or not ...

Who knows ... some years ago they declined a takeover offer at $1.80 - I am wondering when the board is starting to buy in at this amazing price ...

[Arbroath]

That requires FCF which I think they are looking in all the cupboards for...

[Shareguy]

Interesting - somebody tried to sell over the past weeks (though - overall volume wasn't that high - something like 600k shares over the last 3 weeks), but hey - last (though not so good) announcement was in late February. Either people with small portfolios but insider knowledge selling or otherwise people with small portfolios witout insider knowldege and the desire to sell based on well aged data.

Currently it looks like whoever is selling doesn't want to go below 34 cents ... maybe the bidders need to tune up?

Opportunity for traders to either ride the dead cat bounce or get into the stock at its bottom? Well, or not ...

Who knows ... some years ago they declined a takeover offer at $1.80 - I am wondering when the board is starting to buy in at this amazing price ...

Dealer room will decide on parcel size to sell based on past volume and buy side liquidity,  so could be a large seller reducing or getting out.

Jenny Ruth has a good article just recently out titled

"Can Steel & Tube survive the ever-delayed recovery?"

[BlackPeter]

Dealer room will decide on parcel size to sell based on past volume and buy side liquidity,  so could be a large seller reducing or getting out.

Jenny Ruth has a good article just recently out titled

"Can Steel & Tube survive the ever-delayed recovery?"

Without reading her - I assume the answer was: Maybe?

Next to the quality of STU's board and management (ok - their capability to correctly predict the future has in the past not been very good, and their communication seems to be not infallible) I assume it probably all depends on whether the for 2025 expected recovery still comes in this decade, the outcome of the next election (more austerity or more waste) and whether Dump manages to get something right before he gets pushed or drifts away? 

Do you want to give us a one sentence summary of the article?

[Shareguy]

Without reading her - I assume the answer was: Maybe?

Next to the quality of STU's board and management (ok - their capability to correctly predict the future has in the past not been very good, and their communication seems to be not infallible) I assume it probably all depends on whether the for 2025 expected recovery still comes in this decade, the outcome of the next election (more austerity or more waste) and whether Dump manages to get something right before he gets pushed or drifts away? 

Do you want to give us a one sentence summary of the article?

Yes S&T should survive, but more capital may be needed if things don't improve soon.