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AK Steel Holding Corporation Message Board

  • stockreview_2008 stockreview_2008 Feb 27, 2009 6:25 AM Flag

    S&P ups AKS rating


    4:00 PM ET 2/26/09
    Symbol Last % Chg
    AKS 6.19 -0.64%
    Real time quote.

    SNPMarketScopeResearchNotes2009-02-24 14:52:11.000AKSAK STEEL HOLDINGL.LarkinS&P RAISES RECOMMENDATION ON AK STEEL HOLDING TO HOLD FROM SELL. Our upgrade is based on valuation. On a more pessimistic outlook, we increase our '09 loss estimate to $0.26 from $0.14 but keep our '10 estimate of $0.87. On our revised estimate, we reduce our 12-month target price to $7 from $8. However, following a recent sharp decline in the share price, we think AKS is no longer overvalued, selling now at 1.3X its 2008 year end cash and cash equivalent per share of $5.07 and at a discount to its year-end '08 book value of $8.68. Long-term, we view AKS as a special situation turnaround.

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    • one_big_ass_mistake_america one_big_ass_mistake_america Feb 27, 2009 7:49 AM Flag

      Today and everyday, only sanctuary is to short the entire market as plans apparantly are to kill it. Upgrades..... no matter, distruction of middle and upper classes are all the rage among demoncrats.... Most supporting their own destruction are either too stupid or just too oblivious to know it. But in defence of Obama, he is doing nothing he didn't say he would do. Socialism in our time!!! Whoopie!!

      • 2 Replies to one_big_ass_mistake_america
      • Truly has a forked tongue. On on fork are words for less government and lower taxes and the other fork is actions (Budget and Stimulus) for bigger government and higher taxes.

      • Wait until his supporters like
        (Mitch)count their losses each
        time a new "spending plan" Tax
        plan,bank bail-out plan is
        announced and their portfolio
        declines another 5-10%.

        It's hard to support proposals
        that continue to cause the markets
        to drop and don't try to blame it
        on Bush mitch,these declines are
        due to what Obama is doing.

        How will his hollywood and big
        business supporters react when
        their taxes go up from 35% to 391/2

        Let's see a fat cat making 30
        million,(inlc's sports figures)will
        probably see an increase of 1 1/4
        million in extra tax bite,hell
        maybe they'll be okay with that.

        I doubt,if many have been giving
        that much to charity,so maybe they
        won't be okay with it.

4.40-0.470(-9.65%)Jun 24 4:02 PMEDT