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AK Steel Holding Corporation Message Board

  • guru2000000 guru2000000 Jan 30, 2000 7:11 PM Flag

    ssb_chi: You have yet to provide any

    proof, only hype. This is the problem with the boards, people use dishonest methods to attain their wants.Your story sounds like BS until you give evidence we will assume your posts are hot air

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    • automaker contract pricing to value added steel
      shipments. The fact is that in 1999 AKS value added
      shipments were 82% of the total tonnage. In the fourth
      quarter, the Company increased value added shipments to
      87% of the total and in 2000, they should average 92%
      of total tons. This in itself is very significant;
      it will improve the Company's gross profit by $100
      million in 2000 versus 1999. This is enough to offset the
      $100 million increase in raw material
      costs.

      Care to comment on this? Also, please tell me who at
      AKS made the comments which you posted about contract
      pricing?

      • 3 Replies to jrpalladin
      • Unfortunately your recent posts contain some
        serious errors and potential illegalities.

        If AKS
        and X managements got together to push prices upward,
        both managements would end up in jail and the company
        would be subject to serious anti-trust fines. See what
        happened to UCAR.

        The added $100 million that you
        say would come from selling higher value added
        steels, would not go to the bottom line. Unfortunately,
        higher value added steels have much higher costs than
        the commodity grade products.

        I repeat, this
        company will be hard pressed to earn $1.43 per share in
        2000 and maybe less than $0.25 in the first
        quarter.

        The comments about the average contract price being
        down 1% in 2000 came from Dick Wardorp. By the way,
        some of the steelmakers are claiming that their
        contract prices were negotiated "flat" for 2000, but that
        was due to tinplate, where prices went up. AK does
        not make and can not make
        tinplate.

        Incidently, the Mansfield plant is currently profitable, but
        not at the level prior to the lockout. It is also not
        significant to the health of AK.

        As an aside, the
        shares of AK started their free fall prior to management
        talking about their added costs this year. The analyst at
        CSFB lowered his rating on the shares before the
        market opened and the shares tanked on the opening. The
        conference call with the disclosures did not occur until 11
        am. You should be aware that CSFB is the company's
        investment banker. When an investment banker's analyst
        lowers his rating on the shares it is assumed that there
        is a serious problem, since this rarely occurrs.

      • My personal opinion -- 169 wont win the lock out
        - they might weaken AKS -0- which I dont understand
        ? -- This is America , capitalism rules . No court
        is going to rule that the workers can run the
        company ? This isnt much different than your home life
        --- your kids get enough votes to overule you ,, so
        they are boss ,, you pay the bills as they decide it
        is appropriate ?
        I would suggest that you go out
        on your own -- then you can make the
        decisions.

        Bottom Line -----> if you guys want to run the world
        -- get out in front and do it !

      • My personal opinion -- 169 wont win the lock out
        - they might weaken AKS -0- which I dont understand
        ? -- This is America , capitalism rules . No court
        is going to rule that the workers can run the
        company ? This isnt much different than your home life
        --- your kids get enough votes to overule you ,, so
        they are boss ,, you pay the bills as they decide it
        is appropiate ?
        I would suggest that you go out
        on your own -- then you can make the
        decisions.

        Bottom Line -----> if you guys want to run the world
        -- get out in front and do it !

 
AKS
5.51+0.11(+2.04%)Jul 22 4:02 PMEDT