And now the larger sell orders are coming in...............absolutely classic. How many times have we seen this exact MO play out? Each and every day!
AKS is owned by hedge funds. Management needs to take the mink gloves off.
They can cover today with out worry at $4.15 after riding it down from $6.75.
Now let's see, today's short sellers are going to want to purchase their own share of options to cover their potential losses and exposure. Generally they could act with confidence, but after listening to the last cc and the confidence and upbeat tone, Why would anyone want to be short prior to management's guidance this month?
The AKS Market Maker's phone is 1-800-Corrupt...............
It would not surprise me at all if they are paid weekly, and receive daily instructions in an envelope outside the NYSE at 5:30 am EST.
Short Sellers pound it down, then they cover trying to get out of their longer held positions.
There were soo many buy-to-cover orders this morning.
And now the stock is brought back up, just like the day before, and the day before, and the day before, etc, etc, etc.
AKS management needs to come forward with their own version of Positive Press.
If you step off a curb and are crippled, you say, gee, if I just would not have stepped off that curb. Sure, maybe the surgeons can save you or your loved ones.................but it doesn't change the reality, you were still hit by a car.
One really needs to know what they are buying, what they have already paid for.
Wainscott has lost $1.75 million from $6. The company has already announced that AKS will be cash flow positive, dividend a possibility, paying down debt also on the table.
Do you really want to be out of AKS or Short at this time.
Like the AKS employee from Middleton announced this, "the mill is running stronger than in 2014".
And to think, I gave you HMY at $1.60. You are a piece of work..............
Bad karma is going to come your way. Your most precious assets are at risk.
Remember: Servestal upgraded Dearborn in 2011 while spending $1.3 Billion with upgrades, AKS management bought the entire enchilada for $700 million. And now $revenues soaring above $800 million per year with per share profitability expected to increase 77% in 2015 according to analysts (as much as $1.08 per share in 2015 by some analysts).
AKS now doing $8 billion in revenues with the addition of Dearborn and the (3) LARGE contract sales agreements that came with the purchase. As Wainscott noted, 75% of all AKS sales are contractual.
8% of Revenues? At the last cc the quote from one of the covering analysts was interesting, "I didn't expect how much Dearborn would add to the bottom line profitability of the company". And then of course, AKS management announced they had discovered and were realizing an additional $25 million in synergistic savings from the acquisition..................above and beyond their original estimates of $25 million. AKS management made a great purchase with $50 million flowing to the bottom line from the deal. But then I was reading somewhere and the # of $50 million to $100 million were being floated. Who knows what the real # is?
In January. Industry estimates for total sales for 2015 increased to 17.6 million units.
Ford having problems producing enough to meet demand. Toyota out produced Ford as demand continues to soar. AKS is Toyota primary supplier for steel. Of course Wainscoting told everyone that sales are strong, And the AKS employee on this board mentioned that his mill is running full bore.
No, it will not come from obama. The president of the united states is in a bath tub filled with cereal with his new girlfriend.......glogreen. Very, very, classy for the president and America.
and here comes hillary..............oh, my, white water, vince foster, commodities trading, forced to testify before a grand jury, bengazi, etc, etc, etc. I liked the part wherein she was fingered for stealing both the sterling and some of the furniture from the White House, and she was forced to bring the items back.
Management could easily raise the $700 million through any investment bank.
Management could walk in with
BH, or, Black Rock at their side.............like I have said before, an entity or individual can take complete control of the company for only $350 million. A Basebal Player with a good contract could own the entire enchilada.
But you too recognize the value proposition, the positive cash flow which will be large because of Dearborn, the robust markets, and AKS dominant position in specialty steel?
I know you dislike current management. But what could they do different in your opinion to accelerate growth when our own US Government and the OBama administration is sanctioning the dumping of steel en mass onto the American market below the cost of production? Any business would find it hard to survive under those conditions...........and here AKS is set to grow revenues, produce per share GAAP profitability in 2015. Analysts see nothing except 90 days out. Sell the company on the open market is my solution, and it would bring more than the enterprise value imo.
But we are on the same page in that AKS management has to take the gloves off now. Clearly the company is owned, and controlled by short selling hedge funds. Put the company up for SALE NOW, or, HAVE AKS MANAGEMENT AND AFFILIATES TAKE IT PRIVATE AT $7.50 to $9.50 per share. It's pretty simple from here. The short hedge funds are in to deep, they will continue to attack, continue to support and produce negative commentary, and there is literally no way out for them except to drive the stock lower. Like this morning when in the first two hours of trading 4.5 million shares traded. 90% which was computer generated hedge fund selling imo.
How many here today sold, or, had they shares taken from them by the corrupt AKS market maker and the short selling HTFs. There were so many buy-to-cover orders it wasn't funny.
If so, you were had. Clean, quick, and surgical.............and your shares are gone, and your losses assured.
If everyone sees a lower share price, then perhaps, with the fundamental picture as strong as it is, perhaps it is time for a takeover of the company. Wainscott will be announcing a WTO complaint and lawsuit seeking hundreds of millions of $$ for illegal foreign dumping of steel. A boycott of service centers and distributors using this cheap government subsidized steel needs to begin with the largest of American OEMs taking the lead.
But AKS end markets are strong.
This morning anyone can purchase the entire company for $700 million with a bank loan, and the assumption of debt. Essentially a FREE multi-billion $$ company for the taking. AKS facility alone is worth more than $3 Billion................not to mention $8 Billion in annual revenues. AKS management, Berkshire Hathaway, or any investment bank can own all that AKS for $7.50 to $9.50 tomorrow morning. I would support the move.
AKS Mangement needs to take the gloves off. Include verbiage that since the market will not value the company correctly that all options are on the table.............
And the SEC and AKS management sit on their hands when this time of manipulation occurs........
AKS needs to be very specific with the guidance that is coming.
Notice that no one mentioned Chrylser's 6% increase in auto sales in January announced this morning yoy.