GREY:HRIVF - Post by User
Comment by
Olderwisernowon Mar 11, 2009 1:54pm
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Post# 15836951
RE: RE: Good luck
RE: RE: Good luckSeverstal announced their earnings today. They lost big in the last quarter but managed to have a profit for the year. Not looking same for 2009. They need something to bolster sagging earnings. Um where could they do that? Is it in steel? Is it in banking? Is it in Gold? We will let them ponder, but if I was looking at their balance sheet and cash flow, I would be trying to get a hold of an asset denominated in something other than the Ruble, something with a potential big upside and cash flow, and something which has a mark to market value because it is traded on a foreign exchange. Now where can they find that??? Maybe they have not figured it out yet. I suggest consult with Putin! LOL