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Monday, April 23, 2007

Ryerson (RYI) Update

Today steel producer Ryerson (NYSE: RYI) jumped 7.3% on a rumor that private equity firm Apollo Management LLP would make a bid between $44 and $46 per share. On April 9th I mentioned Ryerson as a buyout candidate. I recommend taking profits and moving on. If you still want to hold the shares I would sell calls on your position.

2 Comments:

Blogger Gowri said...

The stock has gained 150% from Oct 8, 2007 to Oct 22, 2007.
By the way check this company MDFI. Their stock is set to increase because of their association with Apple iphone and Complete Care Medical. Find more about this company and stock http://www.growurmoney.com/medefile/

11/10/2007 4:00 AM  
Blogger sanjeev said...

The textiles industry has attracted foreign direct investment (FDI) worth US$ 861.47
million between April 2000 and September 2010, according to data released by the
Department of Industrial Policy and Promotion.
NSL Textiles has set up a textile processing facility at Chandolu near Guntur,
Andhra Pradesh with an investment of US$ 64.23 million.
TT Ltd, an integrated textile and knitwear manufacturing and exporter, plans to
invest US$ 33.46 million to enhance its yarn making capacity and retail
venture.
Textiles Company Alok Industries will be investing US$ 193.46 million over the
next two years to increase capacity across its product portfolio. The amount
would be spread equally for the two-year period with an investment of US$
96.73 million being made each year.

Regards,

Commodity Tips || Mcx Zinc Tips

12/14/2010 12:55 AM  

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