She 'd a be better off if she spit and defecated on an American flag!!!!! What in God's name is going on inside our country!!!???? Why are the DOJ NSA DHS FBI CIA GIRL SCOUTS BOY SCOUTS ANGIE'S LIST ETC.. WHY WHY these phoney balonies LOOKING THE OTHER WAY ALL THE TIME? I thought playing dumb and ignorant was treasonous and there is no excuse for breaking the law but,covering truth and not defending the Flag to which it stands? what a disgrace, shame on all you Clinton pigs!
Surely the steel industry is going to be pretty busy worldwide! .MT @ 11 looks like a steal to me!
They did do quite well all things considered. Europe is really the only thing holding them back. The trouble is that they are a huge company with plants all over the world. There is always somewhere that has bad things happening to scare investors. The Ukraine, crisis, Russia's economic slide, ebola in Liberia, a very sluggish Europe, etc. But if you dig into the breakdowns, despite these issues, those unit did quite well.
This isn't a stock you'll make a short term killing on. You need to be in it for the long haul. If Europe continues to slowly pick up, this thing will start moving quickly. It's only a matter of time, but be prepared to wait. Good time to buy if you're willing to hold for a while.
Sentiment: Strong Buy
It would be silly to sell off the mining business. They didn't buy into this to sell ore. MT is by far, the worlds largest steel producer using the integrated process. A big reason iron ore prices are down is because MT no longer buys nearly any of it on the open market. Why would they when they control their own resources?
MT grew their mining business so they could have captive resources. When it looks like their mines aren't doing well, all it does is lower MT's input costs to their integrated steel business. Their mining business looking bad, is not a negative for MT. In act it probably has accounting advantages. For some reason the analysts fail to understand that MT isn't into mining to be selling ore.
MT is the biggest and the best steel company in the world. They are the technology leaders in the industry, but the market is clueless about steelmaking. They won't be rocketing up in price anytime soon, but when Europe comes around, they'll be generating phenomenal numbers. Hold what you have and buy at these bargain prices.
Go train your basket Cobra FOR THE SHOW NOW,,, RUN ALONG! LOL
Sentiment: Strong Buy
Not likely.Wall St took MR.M for a ride and he in turn took his investors.
Steel and ore have 20% excess capacity globally. That excess cannot be stopped due to colossal enviro claims which Govts will trigger if MT dares to close down since unionized workers will be out of work. and Govts are pandering to them for votes.
Be patient till 2030 or later to see North of $20.
Div cut likely as Cos have steep losses. Iron ore, Copper ore , Coal and Steel have 20% excess capacity and no one is willing to close down. Unions/Govt wont allow it. MT will trade $7-12 till 2020 by which time three or more global steel makers will closedown due to accumulated losses.
Bad Gamble for a few pennies in Divies.