Agreed. Ireland took the IMF Medicine, and cut back severely the Govt. Welfare Programs, and has Balanced Budget now, and now is among faster growing countries of Europe. Italy and Spain also agreed to Bailout Terms, cut their Social Welfare Spending on non-productive sponge peoples, and Italy and Spain turned round economically too. Greece refuses... refuses... refuses... its unemployment rate goes up and now its going bankrupt. Who cares, it is only 2% of Europe, doing badly... Most of Europe is doing well. Germany alone has an economy over 10X size of Greece, and Germany has BUDGET SURPLUS.
Germany, France, Norway, Finland, Slovakia, England, Ireland, are 2/3s of Europe's Economy and ALL ARE DOING WELL. All are growing at moderate rates with almost no inflation. Ireland was a debtor nation, but took the IMF's medicine, made Welfare program cutbacks, and is growing fast now. Why worry about leftist leadered Greece, with badly performing economy, when it refuses to take the Medicine that turned around Ireland, Italy and Spain's economies back to modest growth?
Thanks for the fundamental analysis, which suggests US Steel stock should be higher. However, today people are focused on selling, regardless of fundamental prospects, due to fears about Greece spilling. Or was it ISIS
And sell during the weak part of steel price cycle. Buy back stock later when cycle turns.
To do opposite how investors make money long-term requires discipline, to buy when others are fearful.
How different are conditions really? Well the Housing and Construction markets are bit stronger than in 2014. It is getting closer to 2016, when US Steel is expected to be profitable again, due to efficiency improvements. If one can wait another year, the stock's present negative outlook, will have changed. Remember Apple Stock, 2013 it went down 45% from its Sept. 2012 high, and everyone was most negative at the bottom. Now in 2015 Apple stock not only came back all the way, but went up further. (Look at chart 2012 - Present. US Steel Stock could do similar. Now down 50% from its 2014 high, but wait till 2016 and it may be back to its 2014 high and higher (same as AAPL stock did from 2012 to present, dipped nearly 50% in 2013, yet is higher now in 2015).
Bottom Line: Greek govt. pigs want to STEAL from rest of World, rather than get Pensions starting age 65 instead of age 50. Their Leftist Govt. leader Tspiras refuses to homor Greeces debts to the World Bank and IMF and ECB. So U.S. and European Taxpayers will get stuck picking up the $282 Billion bill. Dont let Greek P.M. Thief get away with it ! Put Sanctions on all Trade with Greece, 10% Tarriff to repay the IMF and World Bank.
If Spain or Cuba will take back Puerto Rico, that's 5 million people Obama can take off the Welfare Rolls. Let them live on $5 a day as they would be from their own work, if we had not had not interfered (if they were still Puerto Ricans working the Sugar Cane fields, and we'd not Gotten the territory from Spain via war).
It does USA no good. We have diplomatic relations with Cuba now. GREAT. Maybe we can give Puerto Rico back to Cuba... both were Spanish Colonies we conquered in 1896 War.
Why USA ever took P.R. as a colony? When Rome conquered countries they got paid TRIBUTE (Taxes from conquered areas). Puerto Rico COSTS USA Taxes. Its mainly peasant (former Sugar Cane worker) citizenry are mostly on USA WELFARE PROGRAMS, and many who came to NYC became Criminals or on Welfare.... yet Puerto Ricans living on PR pay NO US FED. INCOME TAXES ( are exempt ). GIVE THIS DEBTOR ISLAND BACK TO SPAIN OR CUBA THE SOONER THE BETTER.
Historical Context: USA beat Spain in War in 1896, and took Spain's COLONYS of CUBA and PUERTO RICO. We soon let Cuba go, but strangely and against US Economic Interests have kept Puerto Rico for past 120 years. WHY? We'd be better off giving PR back to Spain, and getting that island of Welfare Collectors (who don't even pay US Income Taxes, Puerto Rico is EXEMPT from Fed. Income Taxes) OFF OUR BACKs. And the larger number of PRs who moved to USA to COLLECT HIGHER WELFARE PAYMENTS (50% of PRs are on US Welfare) should also be given back to SPAIN or CUBA, by giving Puerto Rico to Cuba now that we are re-establishing Diplomatic Relations with Cuba.
OK stocks fluctuate. Now is time to buy. If you dont buy when it pulled back, you cant sell at Profit when it goes up.
of what, other than Greece Government Pension Pigs (retire at 55) refuse to stop taking more than their subjects (citizens) can afford be raped
Pay its Government Employee "retire age 50 Pension Pigs" in Drachm. insyead of in Euros. Euros will be for the private economy only. Greek Govt. Employer "pension pigs" want to bankrupt Greece, let them have their Drachma Currency back.
The rest of Europe should stop #$%$-footing around with the GREEK Government THIEVES. Greece's entire history of gross over-spending and running up debts is due to one thing: Pensions for Govt. Employees and Politicians at AGE 50. All they have to do is move Retirement Age 60 (still young compared to Social Security, or age most Amer. Middle Class will have to work until, with no interest on savings at banks, to give wealth to the banks and the defaulters), and Greece can pay its Debts.
China's ALI Baba is the growth stock going forward. Its growing at over 40% per year -- and unlike Amazon which can't seem to grow sales even 15% per year without "buying sales" that is selling at Loss (Amazon loses money every year, and the ANALysts pushing it always say "next year it will make money" and it never does. Its like USA will have a Balanced Budget next year... but never does. Unlike Amazon growing slowly by cutting prices so much it loses money every year... ALIBABA BOTH IS GROWING 3X AS FAST AS AMAZON AND BABA MAKES BIG PROFIT. Which one would you rather have? Bull-Market Hype Stock with low fundamentals for the stock price, or BABA that with growth of 40%+ per year and Profitable, you know has better long-term prospects.
Apple has earnings and some Analysts and others apply conservative PE Valuation Ratio to the After Tax Earnings. AMAZON has no earnings, since if Bozos ever had earnings, according to the Forecasts the stock would drop like a stone, since who's going to pay even 500X earnings on a company growing Sales at 14% last quarter. Yeah I know one part of AMZN grew sales 50%, but its only 7% of sales. Means rest of Amazon grew even slower than 14%. Overall Amazon is growing SLOWER than GOOGL, and even to do "pedestrian 14% growth" Amazon has to cut prices to where it loses money. If you want a fast growth co. making a lot of money, that would be BABA, growing over 40% per year and makes large profits. Growing 40% and with a PE of about 50, that makes a lot of sense ALIBABA.
Didnt she Sublet HQ space for her firm from her old buddy Bernie Madoff's investment "management" firm? Same bu o lding on 3rd Ave. Manhattan, same floor.