|Last Price$5.11||Day Change (%)1.69%|
|Open Price$5.03||Day Change ($)0.08|
|Day Range5.00–5.15||52-Week Range3.62–11.37|
As of Fri 5/22/2015 1:17:00 PM | USD
AK Steel Announces Company's 2015 Sons and Daughters Scholarship Recipients
An S&P 500 breakout attempt remains in play -2-
AK Steel Receives "Deal Maker of the Year" Award for Dearborn Acquisition From the Association for Corporate Growth
Magnetation Files for Chapter 11 Bankruptcy
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
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.
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.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.