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.