My Friend says that the system at corporate HQ also controls production, accountant and Design. The acquisition of all the companies has made it impossible to import the data to a central location due to multiple non compatible system issues. You should be cautious if the accountant is correct? There are a couple issues which could cause them to hand insert all the data. This should become a tedious task. Plus they laid off almost all the software workers. My Friend thinks he might quit. Said they are using Micro Soft linear input to attempt to import all the data from many companies but their systems are so obsolete.
Interesting............. Why have you posted this statement to this web site ??????? But, to say what you have means you are looking for support for your position. God has allowed mankind to have free will(as we understand it). In doing so, if God judges us , God would have to judge his/her self as a creator. And at Gods level, that would be senseless. Stick with analyzing MT, I think you'll have better results. MT has value but don't expect a good 4th qtr report, if it should happen GREAT. But turnaround most likely won't start until 1st qtr 2015........ Merry Christmas to ALL.
no matter who sh-ts on me online,,my experience proves i'm all American over the long term, lol
Sentiment: Strong Buy
Good luck. Its likely to head south away from 15 in the short haul. See what happened to oil with 2m excess against 36mn barrel daily demand. Steel has 20% excess capacity and ore 40% excess capacity.
This sector is doomed till a few plants/ore mines shut down for good. MT was greedy and got sucked into the vortex of take overs.!.
Phony book keeping has masked reality. There are no buyers for any capital assets. There are huge liabilities which only show up when a decision is taken to shut down a plant.
This sector should be delisted as there is no place for them in the U.S/Europe.
No, your math is ok. But MT along with most other steel manufactures list plants and properties as assets that have no real value, as they equal nothing more than polluted land and archaic equipment. And along with that, I have seen it noted at different times on this message board that MT is unable to close a lot of these facilities due to government regulations. MT has value but exactly what that value is, is going to be hard to figure out.
My Friend works at corporate headquarters and he claims that he has two bosses.
Sounds like quite a lot of wasteful spending.
Old geezers want to keep their jobs to retire with existing 20 year old computer technology.
So everything they do is a secret like the Movie Office Space.
Multiple bosses make sure they all file their TPS reports.
Major setback is that since oil prices collapsed and Putin canceled Russia pipeline.
There will be decreasing WW demand for Steel products with low crude prices.
My Friend works at their corporate headquarters and he is telling me that their data department is run by old people and antique computers. They are afraid that they can be replaced by new tech and the employees are approaching retirement. So everything they do is a secret. Their software is ancient. The owner must be blind?