stock doesn't seem overvalued given the eps growth rate! this will turn out to be a nice buying opp. I sold some shares 2 weeks ago, expecting this kind of behavior, will buy back in a few days, As long as 50dma is not significantly violated, the trend is UP.
I wish I had more stocks as "down" as this one! It's got nothing going for it at all, except, sales growth, eps growth, and uplisting! Today's recovery tells the story.
but there is no value in making capital investments when you already have idle capacity. that's what happens in a recession. supply side does not work in that case. you can't sell a product unless the *customer* has money to buy it. more plant is a misallocation. the problem in the economy has nothing to do with what party is in power. Remember the Bush tax cuts? How much did that help? Squat. If the middle class does not see its wages go up, there can be no growth. you should learn economics, not republicanomics.
I haven't been following too closely, I have only a small speculative position. But recent articles say the low ruble will lead to MTL making a lot of money. Today's "news" may just be a threat to get MTL to increase debt repayments to the creditors....