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Schnitzer Reports Fourth Quarter and Fiscal 2014 Financial Results

CharlesCharles
in Off-Topic
It gets no love.

Best performance in years and stock still down today at 52 week lows.

I think they continue to improve efficiency in their businesses, led by Tamara Lundgren.

Struggling through metal demand cycle, while holding off imports/dumping.

Spread helps protect them.

This full cycle recycling business continues to intrigue me, but it has cost me...the worst performer in my portfolio this year.

http://www.schnitzersteel.com/documents/2014-q4-earnings-conf-call-presentation.pdf

Comments

  • scott
    edited October 2014
    Seems like a good quarter, maybe worries about Asian demand and continued negative industry sentiment? Pays a good dividend, although inconsistent perhaps, given the fluctuations of the industry. I guess it becomes the question of why did you buy it and are those reasons still valid. The recycling business is very interesting, but you could get a boring investment like WM.
  • CharlesCharles
    edited October 2014
    Looks like market digested results and SCHN now up 3%. That's another 5% swing on earnings day, which seems quite common these days.

    Amazing how short term the market can be.

    Perhaps each quarterly reports seems to validate held perception of true value, either way.

    I continue to believe the story on this one and feel I understand it and the environment enough to I stick with it despite recent retractions and negative momentum. Honestly, one of few equities I have done that with of late.

    Time will tell.
  • CharlesCharles
    BTW...WM seems to be everywhere!
  • TedTed
    edited October 2014
    @Charles: Talk about having faith ! Good Luck !
    Regards,
    Ted

    Total Return % (10/27/2014)

    1-Day

    1-Week

    1-Month

    3-Month

    YTD

    1-Year

    3-Year

    5-Year

    10-Year

    15-Year



    SCHN
    -1.02 -1.71 -5.01 -17.77 -29.84 -23.70 -21.76 -12.43 -1.56 10.87
  • CharlesCharles
    edited October 2014
    Ha! You don't need to remind me...I feel it everyday I open my Schwab account.

    And get this, Andrew Lane of M* was on the earning call.

    He just reduced his fair value estimate from $30 to $23.

    Looks like he stopped believing.
  • CharlesCharles
    On more reflection...what a wimp!
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