OTCPK:ERILF - Post by User
Comment by
Steelironmanon Jan 08, 2013 4:09pm
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Post# 20811757
RE: RE: RE: Who wants to make SP prediction for 20
RE: RE: RE: Who wants to make SP prediction for 20 EIL is not a penny stock in the traditional penny stock scenario. The shares are down to this level due to many years of poor performance /management.
Most penny stocks are exploration companies and are a hit or miss gamble with by far a larger miss ratio. Most people hope to buy the success stories.
The steel plants EIL operated had been around for 25 plus years although some of these have now been closed. As spending in the oil sector increases, thier volumes and profit levels should pick up. Hopefully they will make some money.