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China Gerui Advanced Materials Group Ltd. Message Board

  • greatbigbuy greatbigbuy Jan 25, 2013 9:47 AM Flag

    steel down and out

    excellent time to buy a ticket to ride the next run as the economy mends. The raw materials will rebound , buy weekness as this is when you make your money.

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    • Freidman article: While ArcellorMittal, Nucor and United States Steel are substantially larger companies and have larger stock market capitalization's than their Chinese peers, it's difficult to make the argument that their shares should be trading at a P/E 4 to 5 times higher than the P/Es of Chinese steel producers. When one looks at the lack of profitability of both ArcellorMittal and United States Steel, and their forward P/Es, rather than actual P/Es, it's even more difficult to justify their current share prices and valuations.

 
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