i like it, page-12

I hear what your saying JID... I am actually one of those long term holders who still has faith in CMV. Thankfully I have never bought over 35c and have an av. around 14c so I'm not hurting too bad.

As an long term holder I am abliged to say I think that it will pick up and the truth is I actually believe it... the problem, as you say, is will the waiting mean opportunities missed. I am putting my bets on the fact CMA will move past the market quite comfortably in the next couple of years.

What has made me hang on is that I am sure Scholz simply wont let this company die (I have very sound reasoning behind that comment). Therefore if they simply hang on through this manufacturing downturn they will, without needing to do a great deal of work, see significant increases in scrap supply as the economy picks up and profits will naturally follow.

Anyone who's knows the scrap metal game knows selling is irrelevant, the only thing that matters is whether there is enough scrap in the market to buy at reasonable prices. I had dinner with an old friend from Sims recently and he still paints a dim picture with regards to scrap supply for the next 6 (maybe up to 9) months so if Scholz will finance CMA through that period then surely CMA will come out the other end as a company with a strong future.

Here's hoping fellow holders!