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Horsehead Holding Corp. (ZINC) Message Board

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  • jbmjbmjbm01 jbmjbmjbm01 Apr 1, 2008 10:41 PM Flag

    Zinc almost losing $1.00/lb mmmm

    The LME price of zinc averaged $1.47 per pound in 2007 and $1.49 per pound in 2006.
    So if it's now $1.03, that reduces both the COGS as well as their revenue.
    I wonder if the Net Income will drop significantly due to this???
    I guess most people assume it will since the company's PE is 4.

 
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