With the strong US$ and low oil /commodity prices eventually the markets can only go but up. And maybe there is hope for some construction funding from the state or Federal government.
At $ 13-14 the shares are fairly priced.
check the news for transportion funding bill..i think with all these insider buys..CMC is into something.And here is THEY mention about the bill..in the last quarter..CC..
"Barbara Smith - Chief Financial Officer and Senior Vice President
I'd add and like to point out Evan that lower energy prices could be provides some positive momentum around the renewal of the transportation bill. And I think that discussion is only beginning but it might create an opportunity where they can find the funding mechanism and that could be a real positive that's right now not factored in anybody's outlook.
Evan Kurtz - Morgan Stanley
That's an interesting point. Thanks. I'll turn it over."
The chances of the stock doubling some time in the future become bigger and bigger
On October 28, 2014, we announced that our Board of Directors had authorized the Company to repurchase up to $100.0 million of shares of our common stock. The stock markets in general have experienced substantial price and trading fluctuations, which have resulted in volatility in the market prices of securities that often are unrelated or disproportionate to changes in operating performance. These broad market fluctuations may adversely affect the trading price of our common stock. Price volatility over a given period may also cause the average price at which we repurchase our own common stock to exceed the stock's price at a given point in time. In addition, significant changes in the trading price of our common stock and our ability to access capital on terms favorable to us could impact our ability to repurchase shares of our common stock. The timing and amount of any repurchases will be determined by the Company's management based on its evaluation of market conditions, capital allocation alternatives and other factors beyond our control. Our share repurchase program may be modified, suspended, extended or terminated by the Company at any time and without notice. Any failure to repurchase stock after we have announced our intention to do so may negatively impact investor confidence in us, thereby negatively impacting our stock price.
Did you take your medication today ? CMC has "improved" from 16.80 to17.40 since Aug 6. What $40 are you talking about.
Seen this ? http://finance.yahoo.com/news/why-arcelormittal-dream-europe-turned-130024371.html;_ylt=AwrBJSCzlBVUjkIAGaeTmYlQ
As fr as Europe is concerned Mittal isn't out of the woods, not even close.
Greetings Mr. Borisbeer,
The August 6th post on X a dream come true. $34.00 and change then and is almost $40 today.
Will be dining out plenty this weekend, and leaving those underpaid servers a generous tip on the X-Boys!
hope you jumped, and are ordering a 2" thick Porterhouse tonight!
More upside to Come from the X-MEN.
The steam is back!!
I hope for you are right. Latest reports from Mittal were not so optimistic. And the CMC mills need customers to buy their product. And the profitable range for those mills are customers in a 400 mile range. Low cost iron ore makes for low cost steel to compete against. Low cost scrap makes for small margins in the recycling plants.
If you need to speculate with the money you might give as tips, I suggest you don't dine out. And your tips might be about as bad as your stock tips anyway.
x up 30% in 3 weeks, while CMC drops a bit.
The integrated's are booked full thru 12/31
x-ak-and Mittal can not make enough steel right now!
Iron ore almost all time $$ low
using much more hot metal than scrap in integrated prodcution
thus scrap prices will fall and the electrics AKA--CMC will profit in next few months.
Forget tipping the wait staffs, and put your tip % on CMC the next 5 months!
That is provided you do TIP the wait staffs!
Even the old steam engines of the past were replaced by diesel locomotives.
This old steam engine going to an old museum , where they don't have enough money to take care of the historical relics.
May change the handle to
: H2O--211 degrees Fahrenheit --no steam!