RE: Worth Buying This stock should not have ever gone below 15 cents, bad market conditions and tax loss selling created the lows. So that being the case this is trading at or near bottom right now with a deal in the works for 30 cents. The company/shareholders will not let this go any lower IMO and I think the bidder knows that.
Steel prices will be on the rise for the next few years as economics improve so this is a golden opportunity to buy an established steel pipe production company with multiple locations on the cheap.
30 cents will fly....