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United States Steel Corp. Message Board

  • bulsandbares bulsandbares Feb 3, 2013 9:43 AM Flag

    STAY AWAY FROM US STEEL

     

    United States Steel is trading at $22.38. So, are we getting a great deal here? Or are the best days of U.S. Steel in the past?

    Well, the numbers look absolutely horrible and shows just how bad this stock is performing.

    Once again we see the same story. The non-existent P/E number comes from the -$2.07 EPS. Negative EPS and a desperate dividend are chipping away at book value. Reading over the investor relations and recent call transcripts I don't see a real aggressive or coherent plan to turn this around.

    What I do see are layoffs, terminated projects, disputes with the European Union, and selling of assets. Conclusion: Stay away.

    Sentiment: Strong Sell

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    • even MT has better project management and that's saying something. Where do they get their so called management from? The engineering pool (unqualified most of the time). Oh ...they went to Big Dig and made solicitations....ROFL.

      The problems in this company are so fundamental even a new BOD couldn't rescue this wreck. It sank long ago and like the Titanic is rusting on the sea floor but unlike that ship has no treasure in it.

 
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