GREY:HRIVF - Post by User
Post by
barbason Dec 18, 2008 8:41pm
419 Views
Post# 15655920
News release
News release
The way I see it, Severstal did not spend $56 million to watch this company fail !!!
This transaction happened only a few weeks ago, and as we wave bye-bye to the old management,
Severstal had 4 directors just appointed to the board, and are also adding more of their people as new managers.
They paid .20 per share !! So at current levels, we're getting a steal. (get it?, steel?) IMO.
Anyways, hopefully the market reacts positively to this latest news.
Good luck to all longs.