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Encore Wire Corp. Message Board

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  • scubasteve38 scubasteve38 Apr 24, 2006 2:03 PM Flag

    Copper soars, Start of Building Season

    FB,

    As of last quarter WIRE reported an inventory of 60M and a net recievable of nearly 3 times that. I agree with you that they doubled the value of thier inventory, but that would only account for a 25% upswing in assets. Not to mention that this will be a one time gain for the recent upswing in copper prices (they can't get this gain again from previous increases, only future increases).

    Great piece of the Encore Pie, but not the engine.


    Still waiting on someone to help me think out loud about this quarters estimated reports (in it I doubled the value of inventories just as Firebird is suggesting...is that better encorewirefan?)


    -Scuba

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