wie eingangs geschildert hätte ich lieber für diese Runde 20 Stocks genommen, hatte allerdings mit massivem Protest gerechnet, weil ich dann die Spielregeln zum zweiten Mal
umgeschmissen hätte.
Also blieben auch bei mir einige vielversprechende Stocks leider unberücksichtigt.
Wir können zur nächsten Runde am 14.02.02 problemlos auf 15 Stocks erhöhen, würde meiner Strategie entgegenkommen, ich weiss nicht was die Anderen dazu sagen.
Ja, es gibt durch dieses Spiel auch schöne neue Anregungen, Docs FIC kannte ich z.B.
noch gar nicht, sehen wirklich gut aus. Auch Dein Depot finde ich diesmal ausgezeichnet.
Ich hätte gerne mal eine Einschätzung von allen Mitspielern zu STTX. Steel Technologies hat verdammt gute Unternehmenszahlen in der Vergangenheit vorgelegt, die aktuellen Zahlen vom 20.01.03 fand ich ebenfalls sehr gut. Trotzdem schmiert der Kurs ab, weil es undurchsichtige Änderungen im Management gibt. Ich denke, hier können zum richtigen Zeitpunkt schnell 40% verdient werden, sobald der Kurs sich beruhigt. 11,29 halte ich jetzt schon für ein Schnäppchen, aber noch dreht der Kurs nicht.
Gruss E.
chart.bigcharts.com/bc3/quickchart/...83&mocktick=1&rand=2194" style="max-width:560px" >
Steel Technologies Reports Record First Quarter Results; Net Income Up 103% to $3.8 Million or $0.38 Per Diluted Share
MONDAY, JANUARY 20, 2003 4:08 PM
- BusinessWire
LOUISVILLE, Ky., Jan 20, 2003 (BUSINESS WIRE) -- Steel Technologies Inc. (NASDAQ/NM: STTX) today reported record results for the first quarter of fiscal 2003. For the three months ended December 31, 2002, sales increased 24% to $126.0 million from $101.6 million for the same period a year ago. Net income for the quarter increased 103% to $3.8 million or $0.38 per diluted share compared with net income of $1.9 million or $0.18 per diluted share in the year-earlier quarter.
"We are pleased to report significant year-over-year sales and earnings growth in the first quarter of fiscal 2003," said Bradford T. Ray, Chairman and Chief Executive Officer. "Our tons shipped during the quarter increased 10% over last year, reflecting ongoing growth in market share as we continue to expand on the value we bring to our customers.
"The steel industry is going through unprecedented change," added Mr. Ray. "The announced consolidations and current supply/demand dynamics are creating raw material pricing volatility that has had a narrowing effect on our margins in the short term. We see a healthier steel industry going forward and, over the long term, we anticipate a more stable pricing environment that will enhance our market success and strategy. Our Company is uniquely positioned to capitalize on the changing landscape."
Separately, the Company announced that during the quarter it extended the maturity date of its $125 million unsecured credit facility through August 31, 2005. The credit facility had originally been scheduled to mature on August 31, 2004, but the Company and its syndicated bank lenders mutually agreed to extend it for an additional year. "We view this as a reflection of the excellent working relationship we have developed with our bank lenders," Mr. Ray added. "This extension through 2005 will complement our strategic plans to profitably grow our business and take advantage of various market opportunities."
The Company also announced that it adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," effective October 1, 2002. As a result, the Company no longer amortizes goodwill. Had the Statement been in effect during the same quarter last year, reported net income would have been $0.2 million or $0.02 per share higher. For the full year 2003, Steel Technologies' net income will improve by $0.7 million or $0.07 per share due to the discontinuation of goodwill amortization.
Steel Technologies processes flat-rolled steel to specified thickness, width, temper, finish and shape requirements for automotive, appliance, lawn and garden, agricultural, recreational, office equipment and railcar industries among others. The Company operates 15 production facilities located throughout the United States and Mexico, including two at Mi-Tech Steel, Inc. For the fiscal year ended September 30, 2002, Steel Technologies reported sales of $475.4 million and net income of $15.8 million or $1.60 per diluted share. More information about the Company may be found on the World Wide Web at
www.steeltechnologies.com. A simulcast and replay of Steel Technologies' first quarter conference call may be accessed at the Company's web site or at
www.companyboardroom.com. The simulcast will begin at approximately 10:00 a.m. Eastern Time tomorrow (January 21, 2003) and a replay of the call will be available beginning at approximately noon Eastern Time and will run through February 21, 2003.
Statements contained in this release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings), which could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company.
Zum Management:
Steel Technologies Announces Election of Directors, Including One New Director, Mark G. Essig
MONDAY, JANUARY 27, 2003 3:43 PM
- BusinessWire
LOUISVILLE, Ky., Jan 27, 2003 (BUSINESS WIRE) -- Steel Technologies Inc. (NASDAQ/NM: STTX) today announced that shareholders, voting at the Company's 2003 annual meeting, have elected one new director to the Board and have re-elected two incumbent directors. Joining the Board for his initial term is Mark G. Essig (age 44), President and Chief Executive Officer of Barjan Products, L.L.C. in Rock Island, Illinois. Barjan Products is the largest marketer of general merchandise products to travel centers in North America and the largest distributor to the car wash market in the United States. From 1998 to 2002, he was President and Chief Executive Officer of GS Industries, Inc., serving also as Chairman from 2000 to 2002. GS Industries is a multinational steel and mining products company with annual revenues of $1 billion and more than 3,500 employees worldwide. He also has held management positions with AK Steel Corporation, a leader in the flat-rolled sheet market, and Washington Steel Corporation, one of the country's largest stainless steel producers.
Mr. Essig received a Bachelor of Business Administration degree from Loyola University of Chicago and a Master of Business Administration from the University of Illinois. He is a Certified Public Accountant and a Certified Management Accountant. He serves on the Business Advisory Council of the University of Illinois and the President's Council at Loyola University. He is a member of the Board of Directors and Policy & Planning Committee of the American Iron and Steel Institute and a board member of the Steel Manufacturers Association.
"We are proud to have Mark join our Board of Directors and expect that he will play an important role in the continuing growth of our Company," said Bradford T. Ray, Chairman and Chief Executive Officer. "I'm pleased our shareholders have added this key executive, who has such extensive experience in the steel industry, to our Board."
In addition to the election of Mr. Essig, shareholders re-elected Jimmy Dan Conner and Andrew J. Payton as Directors. All three gentlemen will serve three-year terms expiring in 2006. Mr. Conner, who first became a director in 1995, is president of Old Colony Insurance Services, Inc. Mr. Payton is owner and president of Payton & Associates, an executive and professional recruiting services firm, and has been a board member since 1997.
Steel Technologies processes flat-rolled steel to specified thickness, width, temper, finish and shape requirements for automotive, appliance, lawn and garden, agricultural, recreational, office equipment and railcar industries among others. The Company operates 15 production facilities located throughout the United States and Mexico, including two at Mi-Tech Steel, Inc. For the fiscal year ended September 30, 2002, Steel Technologies reported sales of $475.4 million and net income of $15.8 million or $1.60 per diluted share. More information about the Company may be found on the World Wide Web at
www.steeltechnologies.com. Statements contained in this release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings), which could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company.
