|Last Price$2.99||Day Change (%)2.40%|
|Open Price$2.89||Day Change ($)0.07|
|Day Range2.88–3.08||52-Week Range2.38–10.99|
As of Fri 8/28/2015 7:38:00 PM | USD
U.S. Steelmakers Again Ask for Tariffs on Imports
Steelmakers Try to Stay Out in Front in Auto Industry
We'd prefer a pack of gum to these businesses.
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
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.
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