From Forbes.com 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.