Intrinsic value of Olympic Steel - ZEUS

Previous Close

$19.31

  Intrinsic Value

$5.67

stock screener

  Rating & Target

str. sell

-71%

Previous close

$19.31

 
Intrinsic value

$5.67

 
Up/down potential

-71%

 
Rating

str. sell

We calculate the intrinsic value of ZEUS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  27.20
  24.98
  22.98
  21.18
  19.57
  18.11
  16.80
  15.62
  14.56
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
Revenue, $m
  1,693
  2,115
  2,602
  3,153
  3,770
  4,452
  5,200
  6,012
  6,887
  7,824
  8,821
  9,877
  10,990
  12,159
  13,385
  14,666
  16,003
  17,395
  18,845
  20,352
  21,919
  23,547
  25,239
  26,998
  28,826
  30,727
  32,704
  34,761
  36,903
  39,134
Variable operating expenses, $m
  1,579
  1,972
  2,425
  2,938
  3,513
  4,149
  4,845
  5,601
  6,416
  7,289
  8,215
  9,198
  10,234
  11,324
  12,465
  13,658
  14,903
  16,200
  17,549
  18,953
  20,412
  21,929
  23,505
  25,142
  26,845
  28,615
  30,456
  32,372
  34,367
  36,444
Fixed operating expenses, $m
  67
  69
  70
  72
  74
  75
  77
  79
  80
  82
  84
  86
  88
  90
  91
  93
  96
  98
  100
  102
  104
  107
  109
  111
  114
  116
  119
  121
  124
  127
Total operating expenses, $m
  1,646
  2,041
  2,495
  3,010
  3,587
  4,224
  4,922
  5,680
  6,496
  7,371
  8,299
  9,284
  10,322
  11,414
  12,556
  13,751
  14,999
  16,298
  17,649
  19,055
  20,516
  22,036
  23,614
  25,253
  26,959
  28,731
  30,575
  32,493
  34,491
  36,571
Operating income, $m
  47
  74
  106
  142
  183
  228
  278
  332
  391
  453
  522
  593
  668
  746
  828
  914
  1,004
  1,098
  1,195
  1,297
  1,402
  1,512
  1,626
  1,744
  1,867
  1,996
  2,129
  2,268
  2,412
  2,563
EBITDA, $m
  71
  104
  142
  186
  235
  289
  349
  413
  483
  558
  638
  722
  812
  905
  1,004
  1,106
  1,214
  1,325
  1,442
  1,563
  1,689
  1,820
  1,956
  2,097
  2,245
  2,398
  2,557
  2,722
  2,895
  3,075
Interest expense (income), $m
  4
  11
  16
  21
  28
  35
  43
  53
  63
  74
  85
  98
  111
  126
  141
  156
  173
  190
  208
  227
  246
  267
  288
  310
  332
  356
  381
  406
  433
  461
  489
Earnings before tax, $m
  36
  59
  85
  115
  148
  185
  226
  270
  317
  368
  424
  482
  542
  606
  672
  742
  814
  890
  969
  1,050
  1,136
  1,224
  1,316
  1,412
  1,511
  1,615
  1,723
  1,835
  1,952
  2,073
Tax expense, $m
  10
  16
  23
  31
  40
  50
  61
  73
  86
  99
  115
  130
  146
  163
  181
  200
  220
  240
  261
  284
  307
  331
  355
  381
  408
  436
  465
  495
  527
  560
Net income, $m
  26
  43
  62
  84
  108
  135
  165
  197
  232
  269
  310
  352
  396
  442
  491
  541
  594
  650
  707
  767
  829
  894
  961
  1,031
  1,103
  1,179
  1,258
  1,339
  1,425
  1,514

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  768
  960
  1,181
  1,431
  1,711
  2,021
  2,360
  2,729
  3,126
  3,552
  4,004
  4,483
  4,989
  5,519
  6,076
  6,657
  7,264
  7,896
  8,554
  9,238
  9,950
  10,689
  11,457
  12,255
  13,085
  13,948
  14,845
  15,779
  16,751
  17,764
Adjusted assets (=assets-cash), $m
  768
  960
  1,181
  1,431
  1,711
  2,021
  2,360
  2,729
  3,126
  3,552
  4,004
  4,483
  4,989
  5,519
  6,076
  6,657
  7,264
  7,896
  8,554
  9,238
  9,950
  10,689
  11,457
  12,255
  13,085
  13,948
  14,845
  15,779
  16,751
  17,764
Revenue / Adjusted assets
  2.204
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
  2.203
Average production assets, $m
  208
  260
  320
  388
  464
  548
  640
  740
  847
  962
  1,085
  1,215
  1,352
  1,496
  1,646
  1,804
  1,968
  2,140
  2,318
  2,503
  2,696
  2,896
  3,104
  3,321
  3,546
  3,779
  4,023
  4,276
  4,539
  4,813
Working capital, $m
  391
  489
  601
  728
  871
  1,028
  1,201
  1,389
  1,591
  1,807
  2,038
  2,282
  2,539
  2,809
  3,092
  3,388
  3,697
  4,018
  4,353
  4,701
  5,063
  5,439
  5,830
  6,237
  6,659
  7,098
  7,555
  8,030
  8,525
  9,040
Total debt, $m
  287
  393
  514
  651
  805
  975
  1,161
  1,364
  1,582
  1,815
  2,064
  2,327
  2,604
  2,896
  3,201
  3,520
  3,854
  4,201
  4,562
  4,937
  5,328
  5,734
  6,155
  6,594
  7,049
  7,523
  8,016
  8,528
  9,062
  9,618
Total liabilities, $m
  422
  527
  648
  786
  939
  1,110
  1,296
  1,498
  1,716
  1,950
  2,198
  2,461
  2,739
  3,030
  3,336
  3,655
  3,988
  4,335
  4,696
  5,072
  5,462
  5,868
  6,290
  6,728
  7,184
  7,657
  8,150
  8,663
  9,196
  9,752
Total equity, $m
  347
  433
  533
  645
  772
  911
  1,065
  1,231
  1,410
  1,602
  1,806
  2,022
  2,250
  2,489
  2,740
  3,002
  3,276
  3,561
  3,858
  4,166
  4,487
  4,821
  5,167
  5,527
  5,901
  6,290
  6,695
  7,116
  7,555
  8,012
Total liabilities and equity, $m
  769
  960
  1,181
  1,431
  1,711
  2,021
  2,361
  2,729
  3,126
  3,552
  4,004
  4,483
  4,989
  5,519
  6,076
  6,657
  7,264
  7,896
  8,554
  9,238
  9,949
  10,689
  11,457
  12,255
  13,085
  13,947
  14,845
  15,779
  16,751
  17,764
Debt-to-equity ratio
  0.830
  0.910
  0.960
  1.010
  1.040
  1.070
  1.090
  1.110
  1.120
  1.130
  1.140
  1.150
  1.160
  1.160
  1.170
  1.170
  1.180
  1.180
  1.180
  1.190
  1.190
  1.190
  1.190
  1.190
  1.190
  1.200
  1.200
  1.200
  1.200
  1.200
Adjusted equity ratio
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451
  0.451

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  26
  43
  62
  84
  108
  135
  165
  197
  232
  269
  310
  352
  396
  442
  491
  541
  594
  650
  707
  767
  829
  894
  961
  1,031
  1,103
  1,179
  1,258
  1,339
  1,425
  1,514
Depreciation, amort., depletion, $m
  24
  30
  36
  44
  52
  61
  70
  81
  92
  105
  115
  129
  144
  159
  175
  192
  209
  228
  247
  266
  287
  308
  330
  353
  377
  402
  428
  455
  483
  512
Funds from operations, $m
  51
  73
  98
  127
  160
  196
  235
  278
  324
  373
  425
  481
  540
  601
  666
  733
  804
  877
  954
  1,033
  1,116
  1,202
  1,291
  1,384
  1,480
  1,581
  1,685
  1,794
  1,908
  2,026
Change in working capital, $m
  84
  98
  112
  127
  142
  158
  173
  188
  202
  216
  230
  244
  257
  270
  283
  296
  309
  322
  335
  348
  362
  376
  391
  406
  422
  439
  457
  475
  495
  515
Cash from operations, $m
  -33
  -25
  -14
  0
  17
  38
  62
  90
  122
  157
  195
  237
  282
  331
  383
  437
  495
  555
  619
  685
  754
  826
  900
  978
  1,058
  1,142
  1,229
  1,319
  1,413
  1,510
Maintenance CAPEX, $m
  -17
  -22
  -28
  -34
  -41
  -49
  -58
  -68
  -79
  -90
  -102
  -115
  -129
  -144
  -159
  -175
  -192
  -209
  -228
  -247
  -266
  -287
  -308
  -330
  -353
  -377
  -402
  -428
  -455
  -483
New CAPEX, $m
  -45
  -52
  -60
  -68
  -76
  -84
  -92
  -100
  -108
  -115
  -123
  -130
  -137
  -144
  -151
  -158
  -164
  -171
  -178
  -185
  -193
  -200
  -208
  -216
  -225
  -234
  -243
  -253
  -263
  -274
Cash from investing activities, $m
  -62
  -74
  -88
  -102
  -117
  -133
  -150
  -168
  -187
  -205
  -225
  -245
  -266
  -288
  -310
  -333
  -356
  -380
  -406
  -432
  -459
  -487
  -516
  -546
  -578
  -611
  -645
  -681
  -718
  -757
Free cash flow, $m
  -95
  -99
  -102
  -102
  -100
  -95
  -88
  -78
  -65
  -48
  -30
  -8
  16
  43
  73
  105
  139
  175
  213
  253
  295
  338
  384
  431
  480
  531
  584
  638
  694
  753
Issuance/(repayment) of debt, $m
  90
  105
  121
  137
  154
  170
  186
  202
  218
  233
  248
  263
  277
  291
  305
  319
  333
  347
  361
  376
  390
  406
  422
  438
  456
  474
  493
  513
  534
  556
Issuance/(repurchase) of shares, $m
  48
  44
  38
  29
  18
  5
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  138
  149
  159
  166
  172
  175
  186
  202
  218
  233
  248
  263
  277
  291
  305
  319
  333
  347
  361
  376
  390
  406
  422
  438
  456
  474
  493
  513
  534
  556
Total cash flow (excl. dividends), $m
  43
  50
  57
  65
  72
  79
  98
  125
  154
  185
  218
  255
  294
  335
  378
  424
  472
  522
  574
  629
  685
  744
  806
  869
  936
  1,005
  1,076
  1,151
  1,228
  1,309
Retained Cash Flow (-), $m
  -74
  -87
  -100
  -113
  -126
  -140
  -153
  -166
  -179
  -192
  -204
  -216
  -228
  -239
  -251
  -262
  -274
  -285
  -297
  -309
  -321
  -333
  -346
  -360
  -374
  -389
  -405
  -421
  -438
  -457
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -31
  -36
  -42
  -48
  -54
  -60
  -55
  -42
  -26
  -7
  14
  39
  66
  95
  127
  162
  198
  237
  277
  320
  364
  411
  459
  509
  561
  615
  671
  730
  790
  852
Discount rate, %
  8.70
  9.14
  9.59
  10.07
  10.57
  11.10
  11.66
  12.24
  12.85
  13.50
  14.17
  14.88
  15.62
  16.41
  17.23
  18.09
  18.99
  19.94
  20.94
  21.98
  23.08
  24.24
  25.45
  26.72
  28.06
  29.46
  30.93
  32.48
  34.11
  35.81
PV of cash for distribution, $m
  -29
  -31
  -32
  -33
  -33
  -32
  -25
  -17
  -9
  -2
  3
  7
  10
  11
  12
  11
  10
  9
  7
  6
  5
  3
  2
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  81.7
  70.3
  63.2
  59.1
  57.0
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6
  56.6

Olympic Steel, Inc. is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company's carbon flat products segment's focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. The Company's specialty metals flat products segment's focus is on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts. The Company's tubular and pipe products segment consists of the Chicago Tube and Iron Company (CTI) business. Through its tubular and pipe products segment, it distributes metals tubing, pipe, bar, valve and fittings, and fabricate pressure parts supplied to various industrial markets.

FINANCIAL RATIOS  of  Olympic Steel (ZEUS)

Valuation Ratios
P/E Ratio -211.6
Price to Sales 0.2
Price to Book 0.8
Price to Tangible Book
Price to Cash Flow -21.2
Price to Free Cash Flow -12.4
Growth Rates
Sales Growth Rate -10.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate -15.2%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 64.8%
Total Debt to Equity 65.6%
Interest Coverage 1
Management Effectiveness
Return On Assets 0.6%
Ret/ On Assets - 3 Yr. Avg. -1.6%
Return On Total Capital -0.2%
Ret/ On T. Cap. - 3 Yr. Avg. -3.2%
Return On Equity -0.4%
Return On Equity - 3 Yr. Avg. -5.7%
Asset Turnover 2
Profitability Ratios
Gross Margin 14.8%
Gross Margin - 3 Yr. Avg. 13.4%
EBITDA Margin 2.2%
EBITDA Margin - 3 Yr. Avg. 0.8%
Operating Margin 0.6%
Oper. Margin - 3 Yr. Avg. -0.8%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. -1.3%
Net Profit Margin -0.1%
Net Profit Margin - 3 Yr. Avg. -1.2%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0.6%
Payout Ratio -100%

ZEUS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ZEUS stock intrinsic value calculation we used $1330.696 million for the last fiscal year's total revenue generated by Olympic Steel. The default revenue input number comes from 0001 income statement of Olympic Steel. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ZEUS stock valuation model: a) initial revenue growth rate of 27.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.7%, whose default value for ZEUS is calculated based on our internal credit rating of Olympic Steel, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Olympic Steel.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ZEUS stock the variable cost ratio is equal to 93.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $66 million in the base year in the intrinsic value calculation for ZEUS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Olympic Steel.

Corporate tax rate of 27% is the nominal tax rate for Olympic Steel. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ZEUS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ZEUS are equal to 12.3%.

Life of production assets of 9.4 years is the average useful life of capital assets used in Olympic Steel operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ZEUS is equal to 23.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $272.583 million for Olympic Steel - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 11.008 million for Olympic Steel is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Olympic Steel at the current share price and the inputted number of shares is $0.2 billion.

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COMPANY NEWS

▶ Does Olympic Steel Inc (NASDAQ:ZEUS) Have A High Beta?   [Nov-13-18 01:14PM  Simply Wall St.]
▶ Olympic Steel: 3Q Earnings Snapshot   [06:14AM  Associated Press]
▶ Olympic Steel Announces Management Promotions   [Nov-05-18 07:30AM  Business Wire]
▶ Olympic Steel Inc (NASDAQ:ZEUS) Has A ROE Of 10%   [Oct-05-18 02:25PM  Simply Wall St.]
▶ Olympic Steel Announces CEO Succession   [Oct-02-18 04:30PM  Business Wire]
▶ Are Olympic Steel Incs (NASDAQ:ZEUS) Interest Costs Too High?   [Aug-30-18 01:49PM  Simply Wall St.]
▶ Stock Indexes Build Cushion Over 50-Day Line; Nasdaq Win Streak At 5   [Aug-06-18 04:21PM  Investor's Business Daily]
▶ Olympic Steel: 2Q Earnings Snapshot   [06:03AM  Associated Press]
▶ The Most Intriguing Value Stocks On The Nasdaq   [Jun-09-18 10:23AM  Forbes]
▶ Olympic Steel: 1Q Earnings Snapshot   [May-03-18 05:57AM  Associated Press]
▶ Olympic Steel Acquires Berlin Metals   [Apr-02-18 04:47PM  Business Wire]
▶ Stocks plummet over massive tariff fears   [10:54AM  Yahoo Finance Video]
▶ Olympic Steel posts 4Q profit   [06:25AM  Associated Press]
▶ Nasdaq Erases Gain As Dow, S&P 500 Head For First Losses In 7 Days   [Feb-20-18 03:35PM  Investor's Business Daily]
▶ Olympic Steel Announces Quarterly Cash Dividend   [Feb-12-18 07:20AM  Business Wire]
▶ Olympic Steel posts 3Q profit   [Nov-08-17 06:23AM  Associated Press]
▶ BMO Exchange Traded Funds Opens the Market   [Oct-11-17 10:33AM  CNW Group]
▶ Olympic Steel Announces Management Promotions   [Sep-29-17 08:00AM  Business Wire]
▶ New Strong Sell Stocks for August 4th   [Aug-04-17 07:56AM  Zacks]
▶ Olympic Steel posts 2Q profit   [Aug-03-17 06:23AM  Associated Press]
▶ New Strong Sell Stocks for July 20th   [Jul-20-17 11:08AM  Zacks]
▶ ETFs with exposure to Olympic Steel, Inc. : June 9, 2017   [Jun-09-17 02:05PM  Capital Cube]
▶ N.C. manufacturers disclose 200 layoffs in a week   [May-22-17 07:50AM  American City Business Journals]
▶ ETFs with exposure to Olympic Steel, Inc. : May 15, 2017   [May-15-17 04:59PM  Capital Cube]
▶ Manufacturer shuts down Chatham County plant, 51 layoffs   [May-11-17 10:15AM  American City Business Journals]
▶ ETFs with exposure to Olympic Steel, Inc. : May 5, 2017   [May-05-17 04:43PM  Capital Cube]
▶ Olympic Steel posts 1Q profit   [Apr-28-17 05:58AM  Associated Press]
▶ ETFs with exposure to Olympic Steel, Inc. : April 5, 2017   [Apr-05-17 05:48PM  Capital Cube]

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