Quanex Corporation today unveiled its open-enrollment stock purchase program. This direct stock purchase and dividend reinvestment (DSP) plan goes into effect immediately, replacing Quanex's dividend reinvestment plan (DRIP).The DSP Plan will allow investors to make automatic cash investments, direct deposit of dividends, and certificate safekeeping -- all at no charge. A thorough description of the new plan, with a list of other benefits, investment options, fees and an enrollment form, is available from the company's transfer agent, American Stock Transfer & Trust Company, 40 Wall Street, 46th Floor, New York, NY 10005; (800)278-4353.Fool on!Vince
What happened that day when this stock went down 4 or so points and had a trading stop. Does anyoneknow or care!
Horse, I'm not sure what happend on October 4, 1998 and I also would like to find out. But what I dodo realize is that the stock has really dropped in thepast 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 programfor it's MACSTEEL GROUP. Plus, they just purchasedDecatur Aluminum in Alabama to help expnad intothe south. The last thing I want to mention is theclosing of Piper Impact plant in Park City, Utah. Theyare trying to streamline the company to make it morecompetitive in the airbag market. By closing thisplant, they'll eliminate 150 jobs in Park City.I feel that this is a very solid company and they areheaded in the right direction. I would just like to seethe stock head the same way!
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