It is an extraneous business that Reynolds Metals had. It does not appear to be a core business, |
It is what it is and there's nothing to do but roll with it. We planned it way in advance and it was a wedding for my sister. We would have liked not to be paying prices like this -- but, it was for family. . . . We decided to travel anyway [after gas prices soared] because we had already made plans and commitments. |
It is what it is. |
It sounds like the knockout bid, it absolutely does. |
It's a lot easier for an international company to operate out of New York City than Pittsburgh. |
It's a nonunion company that has been consistently profitable. That's always attractive in the industry. |
It's generally pretty vague. It could be 10 percent or more, but 10 percent or more of what? |
It's not surprising at all, because (Nucor) reflects the market. |
It's the metal price that's clearly driving it. To some extent, costs are better, but metal prices are the game for an aluminum company. |
Last year's third quarter was the best the industry ever had. There were companies who made as much in a year in their prior histories as they made that quarter, ... This is going to be a - terrible third quarter. |
Metal prices really came through and they didn't have any of the cost problems they had in prior quarters. It shows what higher metal prices can do. |
That's why nobody's gone after them in the past. |
The (second-quarter) guidance was not very strong, below first-quarter numbers, even though the second quarter is historically the strongest for steel companies, especially mini-mills. |
The Chinese just raised the price for June arrival because they certainly have excess capacity, so they will continue to sell it well under North American prices and still get more per ton. |
The last thing that a smart acquirer does is change a company that's successful. |