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Olympic Steel, Inc. (ZEUS) [hlAlert]

Rating:
Hold ZEUS
up 25.38 %

Olympic Steel, Inc. (ZEUS) rated Hold

Posted on: Friday,  Dec 7, 2007  9:25 AM ET by Longbow

Longbow rated Hold Olympic Steel, Inc. (NASDAQ: ZEUS) on 12/07/2007. Previously Longbow rated Buy Olympic Steel, Inc. (NASDAQ: ZEUS) on 11/19/2007.,
when the stock price was $24.74. Since then, Olympic Steel, Inc. has gained 25.38% as of 12/07/2007's recent price of $31.02.
If you would have followed the previous Longbow's recommendation on ZEUS, you would have gained 25.38% of your investment in 18 days.

Olympic Steel, Inc. is a United States-based steel service center. The Company focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. It operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. The Company provides services and functions that form an integral component of its customer?s supply chain management and inventory levels. The Company?s processing services include service center processes of cutting-to-length, slitting, and shearing, blanking, tempering, plate burning, precision machining, welding, fabrication and painting of steel parts. The Company operates with 17 processing and distribution facilities in Connecticut, Georgia, Illinois, Iowa, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania and South Carolina.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/7/2007 9:25 AM Hold
None
31.02
as of 12/24/2008
1 Week up  1.23 %
1 Month up  32.40 %
3 Months up  36.91 %
1 YTD up  4.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/19/2007 9:25 AM Buy
None
24.74 31.00

(*) Stock Price at the time of the recommendation.
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