HupSteel

[paullow]

i wouldn't call the biz ailing. in my opinion, its just cyclical. if u look the its 15year histoy. a few ys after the 1997 afc the eps became negative for s ceveral quvarters in ard 2000. at one time in 2007, its eps shot up to 7c. at it current share price, some 40% of it is in cash. and with 50-75m of value to be unlocked. at sti 3200, personally i find this a value buy. though the cyclical steel biz might cause concern esp with dismal eps last reported. to ne, this provides an excellent buying opportunity as what some forumers already pointed out correctly, each time price goes above 19c, some pple woukd make sell off. i think the trick to this counter is really to think long term. going bust with so much fixed assets and cash and literally no debt is highly unlikely.

to me, hupsteel downside is guarded by its fixed assets and to some extent its cash though the cash nay fluctuate. and now its its price kept down by weak eps. upside potential is immense.

vested- so views may be biased.