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10-10-2013, 12:55 PM
Welcome NTL, I learnt more from trying to answer the questions.
So how will Hupsteel react to replacement cost issues due to rising steel prices?
2010 AR, hupsteel CEO said the following "Hupsteel will also continue to minimize inventory holding, purchasing only to fulfill secured orders and stock up popular common sized items. In this way, it will be protected against fluctuations in steel prices and avoid over utilizing its cash in inventory purchases. This will allow it to take advantage of attractive offers that might arise from time to time and avoid having to keep stock over a long period of time in view of the uncertainty in market demand."
So how will Hupsteel react to replacement cost issues due to rising steel prices?
2010 AR, hupsteel CEO said the following "Hupsteel will also continue to minimize inventory holding, purchasing only to fulfill secured orders and stock up popular common sized items. In this way, it will be protected against fluctuations in steel prices and avoid over utilizing its cash in inventory purchases. This will allow it to take advantage of attractive offers that might arise from time to time and avoid having to keep stock over a long period of time in view of the uncertainty in market demand."
A stock well bought is half sold - Ben Graham
Price is the most important factor to use in relation to value - Walter Schloss
Price is the most important factor to use in relation to value - Walter Schloss