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AK Steel Holding Corporation Message Board

  • govt_nerd govt_nerd Dec 5, 2003 1:14 PM Flag

    Legacy costs

    From regarding GM:
    GM Seen Unveiling Positive Pension News
    Forbes Staff , 12.03.03, 3:31 PM ET

    Tear Sheet | Chart | News

    NEW YORK -

    General Motors (nyse: GM - news - people ) shares were sharply higher after Goldman Sachs predicted the automaker could announce positive news about its pension plan during a Dec. 12 conference call. Goldman Sachs in a note said that recent strength in financial markets likely has bailed out the plan, which was left seriously under-funded by market weakness in 2002 and other factors. "The financial markets have bailed out GM's pension plan, and likely more than investors realize," the securities and research firm said.

    I hope the same will apply to AKS. Part of the battered AKS share price was due to unfunded pension costs.

3.24+0.34(+11.72%)Jul 29 4:04 PMEDT