This is a momentum market. Lots of attention paid to e-stocks that won't earn a penny in 2-5 years. BYX and other value plays get short shrift. There is no easy answer. One hopes that this gem will get some attention in the nearterm. Hard to say when a turnaround will take place. The whole steel sector looks dirt cheap but that is old-fashioned reasoning, I guess.
is right at 0 percent. In spite of better earnings. Believe it or not, the stock prices for most of their competitors are under water (though maybe not, if you take into account dividends). My hope is that we are at the bottom of the dropping interest rate/inflation cycle, and are entering the interest rate/inflation cycle, which is good for capital intensive industries such as steel.
Also, maybe investors will return to value when dutch tulips (internet stocks) fail. I also own Border's (BGP) books, and it never fails to amaze me that people are turning their nose up at a stock with 25% earnings growth for a stock that is a cash incenerator (Amazon). The more AMZN loses, the more it appreciates.
Concerning our lone analyst, see messages 410 and 411. I think he/she is another problem.