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ArcelorMittal Message Board

  • bushburn bushburn Jul 30, 2014 12:06 PM Flag

    MT share price should pop on better earnings

    AKS has had a nice up move since announcing better earnings. X is up close to 20% today on better earnings . If MT shows any kind of improvement with their numbers on Friday, I think we will see a nice up movement. Hoping for $17.00 on Friday

    Sentiment: Strong Buy

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    • Good luck .Those earnings remain elusive because of debt and inability of Mgmt to take a large write down of assets for illiquid plants in Europe.

      • 1 Reply to bs572
      • although it is certainly possible these shares will rise significantly on earnings, the base argument is strong that for the long term this is a very attractive investment because it's revenues are around 80 billion and its market cap is only 25 billion. It's "the" steel co of a continent and has a serviceable debt which is low risk especially with the ECB keeping rates almost nothing for years to come and Draghi promising "qe". It may not take much for the market cap to approach 35-40 Billion from its 25 which suggests a roughly 50% share price gain could be in hand... ultimately more if they perform a true turnaround, on valuation it is more attractive than its American peers especially after today's 20% spike in US Steel.

        Sentiment: Buy

11.08-0.09(-0.81%)Dec 24 2:48 PMEST

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