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Short - Schnitzer Steel Industries Inc. (SCHN)
SCHN
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+12.90%
in
100 days
Schnitzer Steel Industries, Inc. engages in recycling ferrous and nonferrous metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada. The company operates through three segments, Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment involves in the purchase, collection, processing, recycling, sale, trading, and broking of recycled ferrous metals. It processes large pieces of scrap metal into smaller pieces by sorting, shearing, shredding, and torching. This segment?s produ...
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has been rallying in response to a favorable pricing environment.
SCHN
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-50.98%
in
558 days
Schnitzer Steel Industries ( SCHN ) shares have been on a roll since originally being featured as a momentum stock on Apr 10, climbing to over $92 from $78, a very impressive short-term return of more than 17%. This Zacks #1 Rank Stock is benefiting from a very favorable domestic environment because international producers are keeping their supplies at home to support infrastructure and avoid negative currency translations. Estimates continue to rise, with the current-year estimate gaining 20 cents in just the last seven days and advancing to its current projection of $5.74 per share. ...
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Schnitzer on the rise.
SCHN
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-48.30%
in
565 days
Schnitzer has had an incredible YTD stock price return of 33.26%. This return, most importantly, is due do a record growth year-over-year in sales and earnings per share. SCHN has a good looking ROE of 18.54%, making it a company attractively valued at $88 despite it's solid performance through 2008. SCHN is an excellent long-term holding stock. We set our target at $95.
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From the Blogosphere
Analyst upgrades, downgrades and initiations: DKS, GPS, NFLX, SPWRA, TIF ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations  Analyst upgrades:
<> Merriman upgraded Sunpower (NASDAQ: SPWRA) two levels to Buy from Sell after transitioning coverage. The firm believes Sunpower is emerging from the current recession as the CleanTech leader and has a $38-$48 price range on shares. Citigroup upgraded Varian Medical (NYSE: VAR) to Buy from hold as it believes capex pressure and health care reform uncertainty is priced into shares, and demand will return as hospital budgets stabilize. Citi raised its target on shares to $45 from $36. ...
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Earnings highlights: General Mills, Apollo Group, H&R Block, Sealy ...
Schnitzer Steel (SCHN) tumbles on Q3 losses
Trading Radar for 6/30: Schnitzer (SCHN), Sealy (ZZ), Investors Real Estate (IRET), Exfo (EXFO) Report; Consumer Confidence, S&P/Case-Shiller Home Price Index Due
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:9am ET - Consumer Confidence for June - Street expects 55.3
- S&P/Case-Shiller Home Price Index for April - Street expects -18.63%
Earnings:Schnitzer Steel (Nasdaq: SCHN) - consensus EPS $0.16<u>Intraday or Not Specified:</u>Economics:9:45am ET - Chicago PMI for June - Street expects 39
<u>After Market Closes:</u>Earnings:Exfo Electro-Optical Engineering (Nasdaq: EXFO) - consensus loss $0.05FSI International (Nasdaq: FSII)Investors Real Estate (Nasdaq: IRET) - ...
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Steel stocks: Strong potential for turnarounds
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 "The steel stocks tend to go through boom and bust cycles depending on global economic activity; they have been pummeled over the last year, as the global economy slowed," notes turnaround expert George Putnam.
In his The Turnaround Letter, he explains, "But the news about steel is not all bad." Here, he offers an overview of six steel makers that could be poised for a turnaround. "Weakness in two big steel consuming industries, autos and construction, has been particularly troublesome for the steelmakers. <>"However, there is evidence that steel inventories are gradually being worked off to lo...
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About Schnitzer Steel Industries Inc.
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