Horsehead Holding Corp. (ZINC)

Zinc has low debt, lots of cash and seems to be in a position to ride out the recession.
I bought at 6.5 and took profit at 11, then took a second look and I like this company to just about double my money again.

mmmm... minerals, commodities, and recycling.

horrible balance sheet. Amazing historical eps growth before the market crash. This is a good turnaround play if the world economy recovers. Zinc is essential in car batteries, and the number of cars in the world should easily triple if emerging markets start growing again.

admit to making a mistake not buying this in the real world in the early spring....

Company thinks its a good time to sell stock, who am I to argue?

Increasing demand for "green" transportation and solar energy systems suggests an increasing demand for batteries and related technologies incorporating zinc components.

recovery should lag relative to mining operations since it seems unlikely the waste streams they recycle will get punted back to landfills anytime soon - I'm not sure what the p/e should be for such a company but I think earnings are down due to lack of short-term demand.

following the crowd

I like Zinc. Profits are good and they have no debt. Even though EPS is projected to drop they will weather 2009 and grow in 2010.

ZINC's up 200+% in 6 months. Commodity prices -- including zinc -- are staying down as long as the recession lasts, and the auto industry is getting hammered. I think it's at a short-term peak here.

trading below net-net working capital (current assets less all liabilities and preferred) and has positive trailing 12 month earnings

Zinc has high growth potential as it is a critical component of battery technology for hybrid cars. This stock is sure to grow in value over the next few years.

oversold in relationship to valuation

At today's stock price, this company could sell everything they own and you would still double your money. This company has very little cash, heavy on tangible assets and is positioned to survive the downturn.

My target for Horsehead Holding is 21.37. I used my new method for determining a fair P/E (based on G and K). The growth factor was extracted from the PEG found on the web. K was 10%. I hope it works!

No debt, low cost zinc producer. Asset are wortth twice the company current price. Best in class in the sector.

No Brainer

Gotta have zinc, no debt!

undervalued