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AK Steel Holding Corporation Message Board

  • steelerman132 steelerman132 Apr 23, 2014 9:48 AM Flag

    For about the last 12 quarters now AKS management says "the worst is behind us".

    And yet the next quarter isn't any better. I read the earnings call transcript and apparently the dopes at Macquire fell for it and know nothing about the same false hopes management has fed investors over the last 3 years. like I said yesterday, there is still an oversupply of steel and demand hasn't' picked up at all. AKS is relying totally on raising prices, but that only works when demand outruns supply.

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    • If you dont understand why it's dif this time you have no business owning it.

    • steelerman, AKS is just another stock, totally divorced from management. The insiders don't care about shareholders, and mind you, I'm talking about the moms and pops. Those large institutional shareholders buy/sell on insider information. Illegal, yes, but the SEC doesn't care. Every once in a while they'll arrest a Goldman underling, but the corrupt game will go on as usual. Your US government gets bribed to let them steal from you by rigging the markets. Having said all the above, why do you still risk playing this game? Because you CAN make money. I have, and I'm sure you have too. The stock market is a long term, I'd say LIFETIME, game you have to play! There is no end to it! And if you lose your patience, then calm down and remember your strategy. Perhaps reassess it. Like anything else in life, you either have a talent for this or you don't. GL

    • Anyone who is in business has had the exact same problem since 2008. All the indicators seem to point to recovery and better numbers but they just don't seem to materialize. 2010 was an awful year for a lot of businesses (mine included) but the government pr machine denies that anything is wrong.

      Sentiment: Hold

    • Risky bet. This is going higher. Classic kitchen sink quarter. They took all the hits in the first quarter. Good numbers coming for the rest of the year. Smart money realizes this.

    • Dopes at Macquarie? They happen to be some of the world's most respected metals, mining, and resource analysts there is on the planet. They know what is going on in the industry. I doubt they are going to "fall" for anything AKS management would say on a conference call. I think Macquarie is looking well ahead of past quarter's results.

      • 1 Reply to gp5561
      • You need to do a little research on Macquire's calls on both ssteel stocks and their assessment of the industry trends as a whole over the past few years. Back in 2010 they were calling for the "next steel boom" and we all know how bad that call was. In their defense Goldman Sachs and many others were boasting the same thing.... and it never materialized. AKS and X have lost money for 4 straight years since those calls. What makes things different this time? These markets currently look pretty frothy and I still don't see how AKS can turn their Titanic on a dime. Like I said, we've heard this story over and over again from them and it hasn't happened yet.

    • You sound like that short position isn't working out to well for you.

    • Thanks for the tip.

    • steelman,
      I have followed AKS for years & yes management has pointed to pie in the sky on many qtr. reports ... however this time I do see some different positive in their report ... they have been able to hold margin increases & the iron ore pellet plant coming on line is a big plus to the bottom line ... legacy retirement cost are on the decline ... in my opinion, AKS will show a profit next qtr. & $11 this year is possible.

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