Olympic Steel, Inc. (ZEUS)
The Company is a U.S. steel service center focuses on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate products.
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The steel industry is not doing especially well right now, and it doesn't look to get any better with the U.S. economy already in the tank and currently on the verge of another plunge. The fact that ZEUS may be issuing up to $200 million of new stock over the next couple of years will dilute any earnings they may actually manage to come up with.
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Steel has been on a strong run lately.
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This one is waiting to shoot up like a rocket.what can u say bad about olympic steel???? i decided to change my %@#^&!!!!s nick name to olympic steel.
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long term steelpick
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Solid small cap firm in the steel biz. Demand for steel will continue and I see a boat load of opportunity for this company. Too boot, the stock pays a dividend!
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mechanical value screen, no research
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gives me a little yield, selling below book value, priced for death, shall rise!
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Olympic Steel has not done as well as the S&P 500 in years past. Its financial statements still look relatively strong and the company is sustaining a fair amount of growth and growing their profits accordingly. However, the stock has dropped around 80 percent since July. Given current conditions and the company's strong performance, I argue that the stock is currently undervalued and will outperform the market within the next year.
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Undervalued.
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In the last year Zeus has taken on $80M in debt; their debt is now $90M. Plus so far in 2008 they've added $130M in inventory. All the steel companies have been converting cash to inventory this year. And now that the price of steel is on a downward slide it looks like a bad time to be getting into the industry. Notice that the dividend yield is artificially high due to a one-time-only special dividend in Sept 08; the true yield is closer to 1.3%. But hey, I'm just a regular guy, please correct me if I've hosed up this analysis!
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BravoBevo
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Top 20 Covered Call Trades
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Feels good.
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Solid company servicing broad industry sectors.
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Steel and iron stocks will outperform the S&P during this downturn. This one has the Mighty MO in spades, low debt, pays a dividend and will gi higher.
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This Is what Big steel (& metals) strive to be ! Catch it now ! Gas'll go down but, Metal is rare & UP !
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Why buy from other countries why pay import taxes and rrail taxes for foreign products buy American made,keep our own people working don,t spend your money for the foreigns keep it in America.
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the business /office building/ new appartment construction/drywall all take steel the population grew now the youths need places to work. steal is where it is at.
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steel and iron

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