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  Nucor's Q3 earnings: "“The Segment of the Economy We Serve Is Not Improving”
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BUNKER BOY  
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 More options Oct 28 2009, 10:38 am
From: BUNKER BOY <bunk...@hotmail.com>
Date: Wed, 28 Oct 2009 07:38:41 -0700 (PDT)
Local: Wed, Oct 28 2009 10:38 am
Subject: Re: Nucor's Q3 earnings: "“The Segment of the Economy We Serve Is Not Improving”
This is not dismal at all.....

I work in this industry, I sell structural steel products to
fabricators and erectors,  and one thing I'll share is that we lag
behind the rest of the economy. Over the summer months while you were
hearing how bad things were we couldn't keep up with production and
our shop/shippers were working 6 days a week. Come End September we
started our decline. We are still holding our own because we work
mostly where domestic product is required but our workers are down to
48-50 hours per week. Some customers have work and some don't so I'd
even expect Q4 not to look very pretty.

I'm starting to look for buying opportunities here


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