ArcelorMittal Message Board
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MT Long Term Holders
I would like to hear from long term holders of MT. What are your realistic target prices and how long do you think it might take to achieve those goals. Also, what is the greatest roadblock that cause us to go down from here.
I am in around $19 on average. My goal is $25 to $27 short term, which I thought we would be closer to by now. Longer term (12 to 18 months) would be in low to mid 30s. Not sure if we ever go to $40s or beyond anymore. Biggest obstacle is Chinese or European collapse or major slowdown. Iran also. Not sure what they do, in that case. Do they stay in business and trim expenses or what? Thanks.-
I am a lobbyist for the Coal & Steel industry in Washington, DC. I bought more stock of MT when it hit $17. I reinvest my dividends, so my view of this stock is more of 5-10 yrs down the road. I believe that MT has great management for these hard economic times. In my opinion, they get an A for how well they have manage their debt to equity ratio the last 3 years. I hope that real change will happen in Washington for the Steel industry and against the EPA regulations.
- 1 Reply to jorgey54
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Mt is a good company but as a lobbyist I am sure you have observed that other than the anointed green industries, business in general is not favored and specific sectors are held in utter contempt by many in D.C.
Politicians come and go, but too many of them have come and stayed.
One definition of insanity is; Electing the same people for 10,20,30, years and expecting things to change.
You can hope they change, or you can change the person upon which you place your hope.
Term Limits would be a great place to begin.
I would bet you could tell some stories in regards the encrusted incompetents you have encountered, if you dare. lol
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If your horizon is at least 3-5 years form when you purchased (and it should be) and you don't need the cash - I'd hold. Depending on your situation add at ideally < 18 if markets correct sharply. And add lots more if ever15s again or lower. Huge inside ownership buy one of the best steel guys in the world.
- 1 Reply to bullseyecatnip
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What is your target price, 3 to 5 years out? Thanks.
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