A name change from Arcelor Mittal to Mittal's Folly would be more appropriate.Wall Street really took him and his cohorts for a wonderful lifetime ride.
Their CAPEX was a disaster from which recovery is impossible.
A Hedge fund specializing in the Health sector has been shorting thanks to a Senate hearing wrt drug prices.
BUY only when market has touched its low ( 2weeks more).
Mgmt knows how to exploit human greed They are specialists luring you in Phases with Phase approvals to come.
I said their model was totally wrong and could not gain traction. I do feel sorry for those who lost their hard earned money.
He is a genius able to create Drugs which can evaporate with the toss of a coin. He deserves a place on America has talent show where he can show how Surfactin can make waves and then cause them to disappear.
You missed the enviro clean up liabilities.
These are horrendous ; enough for Owners to seek asylum as refugees on some remote Island. Some one should write a book how Wall St pandered to their ego and took them on a downhill ride.
Well done Wall St. ; the greedy deserve what they get.!
The new Govt claims they are now global leaders and Silicon experts are begging to establish shop there. They say they now have 1 bn phones and growing.
If true, It is wonderful that the Govt has created so much wealth so quickly and eradicated poverty at a phenomenal rate faster than their neighbor China . I hear that the number of Billionaires is staggering.
Does any one know why IBN has not been able to capture a slice of this pie?. Thx.
Should close out for good..
Mgmt have enjoyed your generous money. They wish you could have joined them but dont forget they did it for you.!
Many farmers are unable to meet thir agri loan repayments due to a shortfall in the annual rainfall. The Banks will now face a rough year with large losses.
Keep your powder dry.
Not True; I understand JP was on the short list to head a new start up dealing with cloning of super pigs being reared in a sterile enviro just outside Chonging wher there is a huge market.
The selection team said that the pigs were all very excited when they saw a person just like them.!
Years because the data they would like is tucked away and not Transparent,
The CEO needs to be shuffled out. The performance since 2007 has been in a downtrend due to bad loans and mounting losses.
They still have a bucket full of such loans whose write down is eagerly awaited.