I hope so. It will directly benefit US Steel and Nucor, which supplies our steel. They have periodically cut off our supply when they close the plants close to our operations, so we can't get any product at those locations for awhile. That is why I think we keep a high inventory, and should make our own steel.
Secondly, we have 40 million dollars worth of steel inventory, which should go up in value. The whole company is trading at a market value of about 40 million, so that should help also.
If Mr. Trump gets elected and gets a better trade deal with China, that should help American manufacturing also.
You get the goodwill, the operations, the cash in the bank, and the property plant and equipment essentially for free. They only need to outlast a few marginal operators and start to make more money to pop the stock.
BTW, has the company ever thought of making its own steel?
I think the West Texas Permian Basin, where our company receives royalties, is the best place in America to drill for and produce oil over the long term. The infrastructure is the best in the country, and it is the most friendly state for the business.
I believe we are getting royalties from the low cost producers. Hopefully, they have ridden out the storm and will increase royalties in the coming years.