Crazy volatility! Glad to have sold it at the right time. MTL is much more stable. Will return to MT in a year or so after the dust has settled.
LOL. More stable. Look at the spread in analyst estimates for MTL and compare it to MT.MT-Arc trades at about a 20% lower EV/sales than MTL, and about half the PE of MTL. MTL is Russian steel company, should trade at half the valuation of MT-Arc, due to extreme country risk.
MT would we a great company if not for Arcelor deal... Clearly, MT bit off more than it can chew. So if your horizon is over three years, go ahead, stick with MT.MTL has a much better potential (with a nice diversification into a coal industry). The Russian press speculates that Severstal might bid for MTL within a few months.
well we will see shorty