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Stocks Q / Quanex Corporation
|Subject: Re: Direct Purchase Plan||Date: 10/14/1998 12:13 PM|
|Author: CHOP||Number: 4 of 7|
Horse, I'm not sure what happend on October 4, 1998 and I also would like to find out. But what I do
do realize is that the stock has really dropped in the
past couple of weeks.
There seems to be a lot of activity with the company
and what they are planning for the future. Quanex
just approved a 52 million dollar expansion program
for it's MACSTEEL GROUP. Plus, they just purchased
Decatur Aluminum in Alabama to help expnad into
the south. The last thing I want to mention is the
closing of Piper Impact plant in Park City, Utah. They
are trying to streamline the company to make it more
competitive in the airbag market. By closing this
plant, they'll eliminate 150 jobs in Park City.
I feel that this is a very solid company and they are
headed in the right direction. I would just like to see
the stock head the same way!
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