This Management group on the Board are some really good shysters. The Metal Framing division is still losing alot of money. With Steel prices being down the last three months, they have made the books look very good. Steel pricing is climbing back up rapidly. Just wait and see how much they lose next qtr. they can write down inventory as steel prices drop, making the books look attractive, but they do not write up the inventory as steel prices drop.
i wouldn't say sucks but they did add 750 mil in debt while cash only went up 250
that is a net debt of 500 mil in a half a year they got 4.8 bil in debt at 1 bil free cash flow not too crazy
what i don't like is that the money is probably going to buy back shares so management can sell shares so any interest i may have as a shareholder is being diluted by management while they exercise their stock options
they don't deserve what they are getting paid that is my beef i just trade this since it doesn't deserve to be put away and forgotten about
this will do a hsy one day = drop and never come back i don't want to own it when it does that