FASTENER STOCKS: Questron, Nucor
FASTENER STOCKS: Questron, Nucor
John Wolz
Questron Moves to National Market
Questron Technology Inc. is now listed on the NASDAQ National Market System.
Boca Raton, FL-based Questron has been traded on the NASDAQ small cap market.
Questron CEO Dominic Polimeni said the national listing �will serve to increase our visibility with institutional investors, as well as the investment community in general.�
Nucor Expects Higher Sales; Cash for Acquisitions
Nucor Corporation executive vice president Michael Parrish predicted revenue and earnings would improve this year if the U.S. economy remains strong.
�Sales should be close to the $4.5 billion range,� Parrish told analysts at a U.S. brokerage firm Robinson-Humphrey Co. conference. Sales were about $4 billion last year.
Parrish described the Nucor balance sheet as �lazy� because of its large cash position. The $970 million in cash at the end of 1999 may be used for acquisitions. �We are looking to aggressively spend this money,� Parrish said.
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