Charles Bradford
Charles Bradford
customers lose matter strike
It doesn't matter if it's a strike or lockout, if you don't have the product, they could lose customers long term.
expect prices steel
Expect steel prices to go up by $30 or $35 (US) imminently.
There are a lot more (deals) to do.
came companies goes good list north price sell
I came up with a list of 20 North American companies that could be had. They are not necessarily for sale, but a lot will sell if the price goes up. A lot have warts, but there are some good ones, too.
buy china last places
China may be one of the last places where you can buy things on the cheap.
best companies histories industry last prior quarter terrible third year
Last year's third quarter was the best the industry ever had. There were companies who made as much in a year in their prior histories as they made that quarter, ... This is going to be a - terrible third quarter.
came number
I thought the number that came out wasn't too bad.
change
I thought the change in CFO was unexpected.
close earnings expect reported
We now expect second-quarter earnings to be very close to that reported to the first quarter.
appear business core metals
It is an extraneous business that Reynolds Metals had. It does not appear to be a core business,
bid following raised seeing steel
I can't recall, in the 40 years I've been following the steel industry, ever seeing a bid that was raised after already winning.
anybody cap contracts left steel
If AK Steel can't get a competitive contract, I don't think anybody would want them. They're the only ones left with an old-style contract. ... All contracts now cap liabilities.
concerned family owns
If the family owns 88 percent, you need to be concerned about who they are working for, the shareholders or themselves.
came cost higher metal prices prior problems shows
Metal prices really came through and they didn't have any of the cost problems they had in prior quarters. It shows what higher metal prices can do.