GREY:HRIVF - Post by User
Post by
Honkeybillon Apr 29, 2009 9:09am
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Post# 15952116
Did anyone expect anything different?
Did anyone expect anything different? That was the ugly. No real surprises, for me anyway.
The good news is we have PRODUCTION.........and production costs should be reducing! If the POG stays where it is or moves up, next years financials will look much different.
No one ever really buys present value. It's been discussed over and over again and seems pretty clear. HRG's balance sheet should look better every month onward.
This is the way Severstal operates............watch soon for an offer after such "horrible" results.