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Schnitzer Steel Industries, Inc. Message Board

  • a.stilli a.stilli Oct 22, 2012 7:17 AM Flag

    Its a gamble

    Not so presumptive that my bullish posts will affect the market, but please disregard them. Betting on Schnitz at this juncture is a gamble and I don't want anyone to get hurt.

    Sentiment: Buy

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    • presumptive: give us something we can use. ex: the Schnitzer family has been selling since the company manipulations reduced their stake to less than voting level(20% or more). they are still selling. check the insider news. the stock goes up 4% then down 6%. now, with china shrinking, there is little chance for stock appreciation.

      • 1 Reply to johnadams41746
      • I know the Schnitzer family and you are wrong. If they sell they do so to free up cash, not because they are bailing out of the company that old Sam started by carrying steel scrap on his shoulders in a burlap bag. This is a well run company and China is not shrinking, it is growing by leaps and bounds. All metal companies are suffering a bit, but if any will profit it will be SCHN. You will see by the upcoming earnings report.

        Sentiment: Buy

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