Algoma Steel - as advertised

Algoma Steel reported today that their 2004 earnings were $8.83 per share.

The stock went up $3.30 to $32.55; bravo Algoma.

In our Report of Aug.12,2004, we said "Algoma Steel ($13.00) has some truly exceptional numbers. The earnings per share for this year are estimated at an astonishing $7.00 per share and we cannot remember seeing a stock sell at less than two times earnings." Most people did not believe us at that time. Most people don't believe us at this time that we are 39 for 39 in our top picks!