Sharpshooter, The debt is a bit higher than the range I would prefer, but at least it seems to have been used to acquire assets which are a good strategic fit and currently profitable ( eg WPG resources and Moly Cop). If the market improves these businesses will add extra value. The debt pfoile has also been extended. Mofaith, I agree that the steel business has been an anchor on the performance of the mining and mining consumables segments. I'm not sure Steel will turn around in large fashion, but a small profit would be nice. Overall just hoping OST can deliver the 13.6c eps forecast , because they seem to get a kick along when they deliver ( remember there were a lot of doubters who dismissed the companies denials that they needed to raise capital back in February. When the company stuck to it's guns , we got a massive rally in the sp from ~70c to ~110cps.)
FT
OST Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held