why does aks have a p/e 8-10x industry group. why can they only manage a modest profit during the best of times. why do they have chronic labor problems? no one would touch this company at these prices. i think the institutes have given the spec. the word to evacuate the insiders before the big dump starts.this latest rally in steel is totally fake. you wouldn't pump the price of something sky high before making an offer. did i miss anything?
what you are missing is that steel companies need to consolidate to survive. AK steel is a quality company that other steel companies want to buy. AK steel did get an offer and will get another offer! by the way large amount of the stock is being accumulated. watch closing of each day, last trade, large amount! check it out!