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Continental Materials Corp. Message Board

  • pmlljl pmlljl Dec 18, 2012 2:24 PM Flag

    Legal settlement is good news

    CUO announced today that it will receive $9,450,000 from a legal settlement and estimated income taxes related to the settlement would be $3,200,000. That would mean net income of about $6,250,000 which is close to $4.00 per share. The announcement has had a good impact on the stock price. Now if the construction recovery can pick up some more maybe the stock price can get back above $20.

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