Horsehead Holding Corp. (NASDAQ:ZINC)
The Company is a producer of zinc and zinc-based products with production and/or recycling operations at six facilities in five states.
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Horsehead is a predictble stock, in my opinion. They may go down as the price of the metal zinc fluctuates,but usually makes a fast turn around of a few dollars a week.
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Solid business.
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Undervalued over fear of global recession.
New technology investment in lower production cost and higher
capacity equipment that also allows recycling of other metals from EAF dust (copper, etc.) which also lowers their reliance on the price of zinc.
Good synergy from their INMETCO purchase.
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investors look for demand and demand drives prices up. the demand for zinc is growing.
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exess stock bettar mining
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Zinc is enjoying a better bull market than gold or silver.
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I need Tungsten to LIVE! Beep. Beep.
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Red Raider is Lord
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admit to making a mistake not buying this in the real world in the early spring....
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Increasing demand for "green" transportation and solar energy systems suggests an increasing demand for batteries and related technologies incorporating zinc components.
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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.
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following the crowd
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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.
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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.
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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.
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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.
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No debt, low cost zinc producer. Asset are wortth twice the company current price. Best in class in the sector.
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No Brainer
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Gotta have zinc, no debt!
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