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Schnitzer Steel Industries, Inc. Message Board

  • andrewrosssorkin andrewrosssorkin Jan 9, 2012 1:22 PM Flag

    Does anybody really believe next qtr profits will more than triple?

     

    I think you are kidding yourselves if you do. They made $0.25/share this quarter, management says next qtr will be "steady" but that they haven't seen this much buyer uncertainity since 2008. Do you really believe they will earn $0.85/share next quarter? I don't think they will come even close to those estimates. Look for revised downward estimates and maybe some downgrades. It looks like today is a good day to sell.

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