Been through every conceivable things wiht other corps in apst 30 years. Anything posisble.
But yes, AKs in these numebers reminds me of either reverse split option first, then if that don't work, a type of BK afterwards.
So many former top corps filed various reorgs & BK's last several years, everytime, shareholders get wiped out. If ANY hint of Carl Icahn ever comes of press, run and take whatever you can win or loss IMO, as he always ruins shareholders just like the #$%$ he pulled with CIT a few years ago and I and MANY others all were wiped out preferred to common and even bondholders...
what are you smoking people? ak steel continually gives conservative guidance. 2012 q4 was -1.90 per share. they are guiding -.03-.10 per share q1 2013. this is even on lower shipments. HOW IS THIS NOT GREAT NEWS YOU FOOLS? dont be a short caught off guard if AK steel actually posts a 1 cent profit, which is very possible with a small accounting fudge.
Never good idea to post such words online unless a company has had going concerns going six or more months in SEC filings and of course, with this company, never such concern and with lawsuit won and ability to sell other item immediately, look for $7 soon and a company in improvements to double diget stock price this year. Short term, maybe even b4 holidays over and money moves back in, look 4 shorts that didn't cover Friday to take some healthy loses as stock trades back to five bucks next ten trade days on heavy volume.
Worst is behind which is why many old time investor bought Friday. This investor of 33 years could not get low to go though but got it a penny above and would avg down to a dime if needed now that company is going to make me huge bucks.
In this age of 2013,DO NOT feel any sympathy any longer for the "poor company", as time & again [so many corps in last 5 years especially] , they will do anything they can to save the Top brass' #$%$ and DO NOT care about any shareholder or investor in the end...