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ArcelorMittal Message Board

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  • Kilroy_spoke_here Kilroy_spoke_here Jul 9, 1999 10:12 AM Flag

    Smart Money article, page 94

    The absolute best time to buy a stock is when
    it's beaten down as is IST. This is a long term
    investment, where the holder of these securities must simply
    buy and hold.

    Do you seriously think that
    steel is going to be out of favor forever? Isn't it
    logical that the big, sluggish, unionized American mills
    can't compete?

    IST is the biggest bottom fisher
    of all, picking up opportunities as they arise,
    nurturing them, and producing product at prices far below
    typical American prices. They are in no rush to become
    well known and "attractive" as an investment. To the
    contrary, the Board continues to authorize stock buy-backs
    to the extent that this will eventually be almost a
    private company.

    IST has fabulous cash flow and
    earnings when all the others are crying about import
    quotas, dumping and every other excuse

    So look for the long term. This will be a $35 stock,
    again, and I for one, am patient and will enjoy the
    capital gain..

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