Guys I just called Ru to kid him a little bit about me buying SSCC @ 1.08 today and it closing @ .87.
I told him I thought he was giving us a tip by throwing in SSCC in his note.
His words were: Check yahoo or your streamer and then he laughed. I checked yahoo and guess what.... they released earnings this afternoon and actually were able to turn a profit. The release is below check it out. Did anyone else buy? He think it
could double tomorrow.
Ru.... Freakin unreal..... You are starting to freak me out
EDIT: Just check after hours and its now @ 1.13.
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Smurfit-Stone Container swings to profit in 3Q
Wednesday October 22, 5:06 pm ET
Smurfit-Stone Container swings to profit in 3rd-qtr on higher prices, bigger volumes shipped
CHICAGO (AP) -- Smurfit-Stone Container Corp., the largest U.S. maker of containerboard, reported Wednesday that higher prices and greater shipping volumes helped it swing to profit in the third quarter.
For the three months ended Sept. 30, net income rose to $62 million, or 24 cents per share, compared with the year-earlier quarter when the company lost $96 million, or 38 cents per share.
Excluding one-time items, Smurfit-Stone lost 8 cents per share in the recently completed quarter.
Analysts polled by Thomson Reuters expected, on average, a loss of 4 cents per share. Analyst estimates typically exclude one-time benefits and gains.
Sales edged lower to $1.88 billion from $1.89 billion. Analysts expected $1.89 billion in revenue.
During the quarter, Smurfit-Stone closed four plants, laying off 229 employees, and announced four additional facility closures.
Shares rose in aftermarket trading by 23 cents, or 28.4 percent, to $1.04. The stock earlier lost 28 cents, or 23.4 percent, to close at 87 cents.