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AK Steel Holding Corporation Message Board

  • fidelity111 fidelity111 Feb 1, 2007 5:57 PM Flag

    do folks buying this stock realize


    that AKS has a $3 billion pension liability? Particularly the Cramer followers who were told Steal is a steel.

    This topic is deleted.
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    • You can't buy all steel from China.

    • No, they're too busy counting their profits.

      100 shares short this morning.

    • If you read the reply from Steel Grasp you will understand the situation very clearly - in a bull market no one cares about fundamentals. Cramer, pumpers et al will only focus on the positives (of which there are some) and ignore trivial things like $3bn liabilities. As long as investors like you and me (and other shorts) focus on/highlight these things we are at the mercy of the short squeeze pumpers, many of whom couldn't read a balace sheet if it ran them over. That's what makes markets I guess. What is the saying - better lucky than smart. Guess I will have to take my near term lumps cuz fundamentals ALWAYS win out. Bull markets make the biggest idiots look smart and can make thoughtful investors look really dumb (for a while) I will stick to what has served me well over the years. If it means some near term pain and having to listen to mo mo Cramer types for a while, then that is the price of being in this business. Good luck and hang in.

      • 2 Replies to imaprisonerofrock
      • The rock prison you are in is in your head. All you need to make money in the stock market is an awareness of when a stock is in play and not why. Fundamental plays don't always work out, if they did then GE would be over $200 a share, and not the same price essentially for 5 years. I didn't buy aks because of their strong balance sheet, however, they have 7 mills, are constantly trying to meet current obligations as early as possible, and among other things are one of the only companies in the entire industry NOT to have flied of bankruptcy when the steel industry fell on hard times back in the 70-80's. Everyone pays big time for those bankrupcies.
        Maybe you should try the other side of the market, instead of being sooo pessimistic about steel's chances in a global economy that is thriving and trying madly to catch up to industrial development here in the West. I have traded in and out of the stock since it was about 6, because I couldn't believe it was worth 6! Now I am not alone, and the stock can easily top its all time price of 29, before it pulls back. Good luck shorting!

      • i think you are right!

        all shorts!
        see you at 22.50 tomorrow!

    • Holy Crap! Is everyone on this board short? You're all the reasons that I'll probably have a huge capital gain next year, no matter how many mistakes I make the rest of this year!! Signed: IN SINCE SIX AND I LOVE IT!

5.92+0.1600(+2.78%)Dec 26 4:05 PMEST

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