Mate of mine worked at FBU said that they survived inspite of themselves not because of themselves !!
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Vulcan Steel fell 46c or 5.48% to $7.94 after two brokers downgraded the stock on earnings risk.
We are in the manufacturing sector and based on the reduced level of enquiries currently and going back 6-9 months, are in total agreement with of Rhys' comment regarding outlook which is also a recurring theme in conversations across the full gamut of customers, suppliers and competitors.
A very tough 12-18 months lies ahead.