VSL 4.18% $7.72 vulcan steel limited

vsl - looking good going forward, page-2

  1. 1,289 Posts.
    i think the company has enormous potential however todays news was disappointing with reduced r&D EPS still went backwards, the trading environment has improved for this company over the past 18 months but they havent been able to capitilise
    IMl last bought the stock around $1.10 in December and havent been a buyer since, alright they havent sold either which is in VSL's favor but they arent buying in the $1.20's
    i reckon IML's average price would be low $1.00 at the most so if it gets back there they will top up
    the dividend is also fully taxable so i wouldnt be bragging about holding for income
    the stock has droppped from a high of $1.59 to todays close at $1.20, i dont know how much buying got it back to $1.20 but it looks pretty thin on the buy side
    although i would love to get back in for $1.00 i am not trying to talk this one down, i just think the trend is over for now. hopefully long term holders will be rewarded some day but i dont think it will be in the next 6 months unless strong announcements come through
 
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