Member Info for benman

I believe CCH Intl is in major trouble if it has indeed extended credit to Alphasteel according their Feb 21 agreement. If this is the case and Mr. Kennedy, CCH's CFO has strongly supported the company, then this stock is destined for a bumpy ride. According to various press releases, several banks have acted to put Alphasteel in receivership. Whether the situation has been resolved or not, for sure Alphasteel is in financial difficulty. To extend credit to such a below average company possibly on the verge of bankruptcy, would not be good banking practice and it is sure to hurt earnings. On the other hand if the company no longer supports Alphasteel it needs to come up with a press release to lift the cloud hanging over it.