% | $
Quotes you view appear here for quick access.

Schnitzer Steel Industries, Inc. Message Board

  • andrewrosssorkin andrewrosssorkin Jan 9, 2012 1:22 PM Flag

    Does anybody really believe next qtr profits will more than triple?


    I think you are kidding yourselves if you do. They made $0.25/share this quarter, management says next qtr will be "steady" but that they haven't seen this much buyer uncertainity since 2008. Do you really believe they will earn $0.85/share next quarter? I don't think they will come even close to those estimates. Look for revised downward estimates and maybe some downgrades. It looks like today is a good day to sell.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
23.25+0.55(+2.42%)Oct 21 4:00 PMEDT