I wonder if they're getting much biz in relation to the world cup and olympics build-out. Seems like their cement biz would be booming.
With a new 52 week low and getting close to the all time low, when will the slide stop?
$3.94 was the 10 year low-----it is getting close. I recently bought at $4.71; and will double if it hits the 10 year low again. This business is not going to blow away; and has higher value than shown.
Today's news by some CEO that Iron ore price will be between 110USD to 180USD is already discounted , when Goldman Sachs report came out.
If 10 different CEO say the same thing that does not mean stock has to drop 10% every time and its value goes to ZERO.
I am buying in at this price. at 110USD , all Steel company will have decent margin of 35%. With little cost cutting . SID can maintain about 60 cents USD EPS per year , hence PE ratio is just 7 at this price.