today's selloff gives bargain hunters another opportunity to buy the shares on the cheap-they won't last long at these prices.
my mistake.... fiscal 2012 estimates are 89 cents, not $2.00!
they are wrong. IPSCO can easily net earn over 50 million next year. there are only 12 million shssales in 2011 almost 900 Million USD2012 will be solid over 1 Billion Revs.
Snowball Securities is forecasting net earnings of $6.00/sh in 2012.
not $6, but definitely $2.00 according to the consensus of analyts.