HupSteel

[bargainhunter]

Nothing new in there that hasn't already been said. The fact that Hupsteel rose some 10% on a much higher than average volume of 526k shares, on the release of this analyst report, tells me how little Valuebuddies is actually being read. This is good for regular VBs; they get informed on the 'good deals' first before the mass market.

@brattzz I wouldn't say it is a value trap. Hupsteel presented great(er) value when it fell 50% during the oil and gas crisis. While demand for steel was impacted, that which most VBs find valuable in Hupsteel -- its assets which included cash, debt securities, real estate -- did not change, and in fact became more cheap to acquire. The few who bought Hupsteel when it was trading at about 50 cents, post-consolidation, would have made about 50% based on today's closing price. There is still merit in the investment thesis, as espoused by many in this thread. But for prices to reach their desired level, e.g. $1.50-$2.00, certain catalyst, as mentioned by fellow forummers, has to take place.

agree.  hardly anyone reading other than us dying breed of longer term value investors lol.  this is especially so for stocks like hupsteel which are totally forgotten.  at 50+c, it was difficult to get a decent amount, maybe more around the last time they did share buyback at around 56c, there was more decent volume to buy.  the cimb report simply seems more credible than us even though we had been discussing the same thing.