During the Ming dynasty, China had the largest Bamboo production on the planet.. With the Industrial revolution, the white man's Bamboo (Steel) replaced the Oriental natural cane.
Chairman Mao was determined to reclaim the Bamboo title. MT thought he could beat the Chinese. But true to their plans, the Chinese have won. They now control the Ferrous Bamboo mkt just as their ancestors did during the Ming dynasty.
MT can only rise from the ashes when China decides.! and they are in no hurry.!
Wonton indifference to Q..A is a complex issue in labor Mgmt. . Good ,they cut off the source.
Part right and part wrong.
The Furnaces/Mills in E.Europe are vintage and obsolete . They carry huge pension liabilities and Enviro clean up bills. MT owns a handful and these should be closed but politics wont allow that.
The Chinese control the steel market but the Injuns were lured by Wall St barrons to take up the challenge. They fell for that hoook line and sinker. The result is they overpaid and overbought whilst providing Wall St the means to short MT whilst clients were buying MT furiously.
They need to take an asset impairment charge of $5-7b by selling the money losing Mills in France and E.Europe. The stock will tank to the $7 level but they could then make a new start from that level.
IBM, Goog. FB and others have stpped up their interest in the Cloud both storage and networking. This spells the end of fast growth for RAX and TDC whic transaltes to a lower P/E.
The Republican standing is an all time high. Check the recent Al Mansour poll in Syria,
Locals believe they will deliver another shock and awe offensi plus another fireworks display... .
What good news. The succes rate in Phase 1 was defintely not outstanding. There was too much hype and expectations were not realized.
No Sir; he is against day trading. Likes BUY and Hold . But he says it will go down may be to single digits and turn up again in a year or two.
Looks like he is guessing . Besides, he may not be there after 2 years when it tanks to nil.
In March , they said $60 so I jumped in. INFI has collapsed and I am in big trouble. My F.A advises me to sell if I cannot stand the decline which he says is just beginning.
Anyone in the same boat and holding.!
Not likely. The Orientals only need to get a foothold into BLDP's data bank nothing more. They did the same with Solar and wind and both these U.S based stock groups are now at their low. The same will happen to BLDP.
You need to be very astute when it comes to I.P.
Chinese people dont lie on steel. They use spring mattresses with duck feather pillows.
This MT Co.wanted to dominate the Steel mkt and went on a buying splurge hoping to break the Chinese dominance. That strategy has failed badly . MT is now saddled with so many rusty mills that deserve to be closed .
We hope that the CEO's vsist to the Khumb Mela in his home country will enable him to turn this CO. around. Personally, I dont believe it will happen