|Last Price$2.27||Day Change (%)-5.02%|
|Open Price$2.35||Day Change ($)-0.12|
|Day Range2.25–2.45||52-Week Range1.64–5.93|
As of Fri 2/5/2016 5:43:00 PM | USD
AK Steel Reports Loss on Pension Accounting Costs
UPDATE: Oil price slump sends U.S. distress ratio to heights not seen since Great Recession
We'd prefer a pack of gum to these businesses.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
This snowplow manufacturer shows pricing power indicative of a narrow moat, and a warmer winter might melt investors' high expectations and create an entry point into this stock.
Equities of producers offer the benefits of commodity investing while avoiding derivatives and futures curves.
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