MT lost .53 Cents a Share for 4Q and announced a .20 Cent Dividend payment for May.
$1.1 Billion loss total for the year. Why are they paying a dividend with huge losses?
ARE they are running MT into the ground?
Forget the others; these guys are the real deal. I am up 600% thanks to Ultimate Stock Alerts (look them up in Google)
US located firms have raw materials (coal and iron ore), local markets, legacy facilities that are outdated, but paid for, (and full depreciated) and some remaining steel expertise, despite efforts to dilute the knowledge base with layoffs and appointments rather than experience & knowledge. With all these first mover advantages, why does the industry invest more in Executive compensation than they do in plants, processes and people that actually make, shape and sell the product to customers, which permits MT to pick up the pieces on the cheap?
There could be downside risk to Mining division earnings in the near term.
MT Q1 earnings are likely to be adversely impacted by falling US steel prices,
negative EUR & BRL translation impact and significant working capital investment.
These could put pressure on the company's shares
MT was woeful, almost lost everything. The guys over at Ultimate Stock Alerts (they are in Google, do a search) were awesome in helping me save the day
Just like Alpha Natural biggest in the Met coal business stock has moved from $125 to $1.
MT mine business is a bigger catastrophe than the Steel.
Few Investors understand MT's predicament.Egged on by his big ego & Wall St., MT owners paid big bucks for Plants and mines hoping to establish a monopoly.The Chinese who are the dominant player dropped prices killing MT.
Many of the plants cannot be shut down because Governments need the votes of their union members and they can enforce that by threats of legal action for cleanup costs which will bankrupt the Co.
You just defined MT's strategy. "by foreign firms looking for easy access to US markets at bargain prices." That's why MT is buying up these failing steel and mining companies.
We sheaples must know the true definition of "homeland security" or "endangerment of the welfare of well to do sheaple"
Sentiment: Strong Buy
AAWC could become a $2 stock by summer if management goes ahead and acquire a new IP portfolio. What does this mean in the short term? 50 cents possible.
MT seems to buy up every failing steel or mining company they can with a sizeable debt load, AKS is trying to keep their old mills generating positive cash to stay alive. X is closing plants, exiting products and laying off people to restructure the outfit for ?. NUE is now the biggest US firm with 100% EAF production fed by new scrap, iron ore and natural gas integrations, with all the associated risks of size. Hard to tell which model will result in survivors, mergers, consolidation, or acquisition by foreign firms looking for easy access to US markets at bargain prices. The industry has been schizophrenic for years, with ups and downs, good and poor oversight and firms taking very different approaches to the same market. What is next?
Start your DD on UBIQ Checked out UBIQ yet? Looks like it is ready to go. All of the technical indicators are showing signs of a bull run.