From my understanding , earnings should pick up at the end of the year and if interest rates rise, that would be positive for this stock. When interest rates do rise, whenever that may be, it may be time to scoop up some more shares.
I would think that this was expected and already priced in. With the price of oil creeping back up, hopefully the bottom has been hit and ainv is back on track for a bit of growth.
With over $11 a share in cash and a book value of over $14 a share, why is this stock selling so cheaply? Earnings estimates are not easily available , so could that be the reason?
I appologize for asking a bac question on this obvious political board.
From my understanding, one of the reasons Ak is idling Ashland, is that the recently acquired Servestal mill in Dearborn has a better blast furnace, so the coke that they were using at Ashland will be added to what they already use at the dearborn works. As far as switching to electrical furnaces and melting scrap, not only is that a very costly switch and would also see the price of scrap go through the roof.
No growth rate. Earnings are in the mid $.20's every quarter. Until their growth rate picks up, this stock will be floundering in the high teens to low 20's............