|Last Price$4.68||Day Change (%)-6.21%|
|Open Price$4.71||Day Change ($)-0.31|
|Day Range4.58–4.90||52-Week Range1.64–5.93|
As of Fri 4/29/2016 7:47:00 PM | USD
UPDATE: Broadening sector participation -2-
UPDATE: Broadening sector participation signals bull trend has room to run
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.
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.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
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