|Last Price$2.95||Day Change (%)-5.75%|
|Open Price$3.16||Day Change ($)-0.18|
|Day Range2.93–3.23||52-Week Range2.38–11.37|
As of Fri 7/31/2015 7:24:00 PM | USD
/C O R R E C T I O N -- AK Steel /
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.
Equities of producers offer the benefits of commodity investing while avoiding derivatives and futures curves.
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.
The information and opinions presented herein are not meant to be taken as investment advice. We do our best to make sure the information presented in this article is factual and correct, but Zacks cannot be held responsible for any losses incurred from investment transactions made based on ...