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ArcelorMittal Message Board

  • bs572 bs572 Nov 14, 2012 11:39 AM Flag

    How Wall St took the Mittals for a ride.

    First there was greed. It was spurred on by the media and his advisors who sold all their holdings to MT.and encouraged him to bigger acquistions

    Then wall St pulled the plug and now MT has lost all thegoodwill it paid during the take overs. It cannot sell either because there are no buyers and ST price is in decine for another 2-3 years.

    The Div will soon be cut and the share price should drop to the $5-6 level when it may be worthwhile to nibble for a gain of 30% in ayear.

 
MT
14.10-0.01(-0.07%)Aug 21 4:01 PMEDT

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