iiin.ob continues to move upIIIN.ob has moved back to otc, moved steadily up since the earnings report and increased volumes dramatically in the last couple of weeks. Reviewed some other steel companies and found that even though steel processing companies have low p/e's, iiin.ob is still undervalued versus their peers.
Today txi had very good earnings. Earned 1.59 vs $41 price. 9 times the sales size of iiin but same industry. Sells into construction industry, with possibly a broader inventory of materials but very close. Same pattern as iiin of losses last year and big profits this year. If iiin.ob earns 1.23eps as I predict, they should be in the 20's, at least. Bobwins