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Insteel Industries Inc IIIN

Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. The Company's concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings, and other concrete structures. Its WWR is produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. Its products are sold to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.


NYSE:IIIN - Post by User

Bullboard Posts
Post by Bobwinson Jun 16, 2004 3:07am
346 Views
Post# 7615665

1st post

1st postBot iiin.pk a few days ago after earnings for q1 were released. Company has been going thru reorg and cost cutting. They made .73eps q1. After end of qtr they setup a new creditline. One of the requirements of the credit line is that they have ebidta of at least $15 million for q2. That works out to about $1-1.28eps depending on expenses. Stock price is 5.95 and iiin.pk will earn about $3+ this year. Hadn't filed 10K and 10Q until Monday 6/14 so was on pink sheets. Should move back to otc late this week or next. Price has been moving up from low 4's before earnings. Will likely make a big move when q2 is released in August. Bobwins
Bullboard Posts