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AMCOL International Corporation Message Board

  • steve_382 steve_382 Mar 19, 2008 9:46 PM Flag

    Mention in WSJ

    The Small Stocks column in today's WSJ had this explanation for the $2 price drop today. I understand why metals companies were down on a $60 drop in gold and other commodities, but it seems a stretch to think bentonite prices are affected the same way.

    Among the commodities-related stocks on the decline were titanium-products maker and distributor RTI International Metals (NYSE), down 3.19, or 7%, to 44.50, and mineral-products maker Amcol International (NYSE), down 2.17, or 7%, to 28.50. Exploration and mining company North American Palladium fell 99 cents, or 15%, to 5.71.

    Todd Salamone, Shaeffer's Investment Research vice president, said the commodity selling hit widely across the sectors. "It's really the metals and energy," he said. "There's no hiding whether you're in a small or a large cap."

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