At this market cap, the 1100 stores are being valued around $50 sq ft assuming 40,000 sq ft on average for each store. Changing the numbers by different amounts still gives around $40-60 per sq ft. The retail space alone makes these prices seem absurd. The average home sells for $74 sq ft
NASDAQ website.... maybe 1.5 days to cover??? its amazing that back in October last year it was 44 days to cover. Don't foresee any major short squeeze with only 1.5 days to cover
Thumbs up if you are long, thumbs down if you are short
ETRADE not able to short this stock for the past week! very frustrated
Sentiment: Strong Sell
At 20 billion, Tesla can double your money only if it reaches a valuation of 40 billion. Does anyone really believe this company is worth 40 billion...
Sentiment: Strong Sell
New York to Beijing, China, in about 2 hours," said Daryl Oster, founder of ET3. "That's 8,000 miles, or 4,000 miles per hour. L.A. to New York would be in 45 minutes, with a likely speed of 2,000 mph.
Ummm... at 2,000 mph landspeed that would mean acceleration = velocity ^2 / radius
With Earth as the circle (r = 3959 miles) and landspeed of 2,000 mph that means a = 1010 m/s^2 or about 100 G !!!!! ????
Sentiment: Strong Sell
Price of this merger and all of these private transactions have been way to low. If they listed this on NYSE and release legit reports on the pension fund this transaction would be happening in the upper teens. Basically this company is being taken private with a market value less than 150 million. Wow. With a pension fund around 500-700 million. If only all these minority shareholders could do something.
Check out his transactions... http://biz.yahoo.com/t/54/570.html
Does anyone know why there is an entry for a disposal of 6.4 million shares of VHI? That does not seem right, since he has been buying VHI almost everyday for the past years.
He sold his indirect/direct share of TIE for a grand total of 1,307,196,907. Taking out long term cap gains there should be about 1,100,000,000 in cash available for Simmons. Any one who is familiar with his history should be wondering what is next? That is a lot of investment cash and I am pretty sure he is not going to just let it sit around.
Seems like interesting news for KYCN. VHI is about to have 600 million in cash and KYCN is just trading in the market with a paltry 80 million market cap. If VHI acquires KYCN it will then have a $700++ million pension fund and a nice steel company. Simmons is clever!
The avg vol for past 3months has been 1000 shares. And during most of those days the stock went up or down by 10% on volumes of 100 - 500. Today 37,000 shares traded and the price barely changes.... seems very odd.
Keystone Steel & Wire, manufacturer of Red Brand® fence, was recently chosen to receive the coveted 2012 Steel Manufacturers Association (SMA)Achievement in Environmental Stewardship and Recycling Award. Presented at the SMA Annual Members Conference in Washington, D.C., the honor recognized the company's new extensive recycling program which promotes the principles of sustainability and stewardship.
"Recycling is in our DNA, and to be recognized by our peers for our efforts is a great honor," explained David Cheek, CEO of Keystone Consolidated Industries, Inc. "Many already know that we recycle about 800,000 tons of scrap metal at our Peoria, Illinois plant each year. By recycling, Keystone is helping the environment, as much of the scrap metal used to create our products is shredded automobile and appliance scrap.” Now, according to Cheek, the company's recycling efforts have been expanded to include materials used throughout the company's facilities. By implementing a company-wide effort – from the manufacturing floor to administrative offices – over 60 tons of packaging materials are now diverted annually from landfills and sent to recycling centers. Everything from cardboard boxes, paper and plastic bags to aluminum oxide sand barrels are collected at sites throughout the plant.
"We understand the impact of our efforts on the environment, and because it's a priority at Keystone, we enjoy the added benefit of aligning with environmentally-concerned companies," explained Cheek. "Consumers are seeking earth-friendly and socially responsible manufacturers to partner with, and we are proud to be part of that trend."
The SMA member companies account for over seventy-five percent of total domestic steel production, and utilize a feedstock almost entirely composed of recycled scrap metal to produce new steel.
About Keystone Steel & Wire Co./Red Brand®Fence
Keystone Steel & Wire Company, founded in 1889 represents over 120 years of American-made steel and wire products. Since the early 1900's, our products have been a household name on American farms, providing the most complete line of high quality wire and agricultural fencing produced in the United States. The company’s reputation has resulted in Red Brand® being recognized as "the most respected name in farm fence" and is the market leader for farm fencing in the U.S.
Keystone Steel & Wire is a division of Keystone Consolidated Industries, Inc., which is headquartered in Dallas, Texas. The corporation is a leading manufacturer of steel fabricated wire products, industrial wire and wire rod. The corporation also manufactures wire mesh, coiled rebar, steel bar and other products. The corporation's products are used in the agricultural, industrial, cold drawn, construction, transportation, original equipment manufacturer and retail consumer markets. The Corporation’s common stock is quoted on the OTCQB (Symbol: KYCN).
hahahaha, yes that is an interesting thought. Simmons does Pilates so he might be able to extend his life longer than Icahn. I think the best situation for Simmons and everyone else would be for a merger of Keystone and Valhi. Any other possible options?