Good thing AKS actually BEAT on the last two earnings reports and has better cash flow going forward. Should be over the $7.50 it was two reports ago.
Alcoa is buying RTI for $1.5 B. AKS has twice as much in sales, a better cash flow situation, and improving business metrics. Seems to mean that AKS is worth double the RTI price. A $700 M market cap is baloney.
It was at the $4.97/$4.98 trading level in the premarket Tuesday two weeks ago. $5.00 should not have been an issue but that is 25 % higher than the current level. What a volatile stock!
If the company is really going to make 95 cents then paying out 20 cents per year is within their capability.
I own this stock and would like to believe earnings news would drive it, but I can't. The last two earnings reports both beat. The stock is down from $7.50 to current levels. I hope for continued positive news going forward and, naively perhaps, hope it will drive the stock price higher.
None. What a mismatch between WS and reality on pricing this stock.
Is this news in the after hours new? No. Seems like an over-reaction to me.
Maybe because they don't have crystal balls to see the future. If you do have one (that is accurate) then you should do well in the market.
Steel prices falling in the first quarter was hardly new news. I don't really understand the current move in the stock unless people somehow thought AKS (et. al.) were going to be immune. Leave it to me to over-estimate people's intelligence once again.
Political solutions take forever to negotiate and implement. Most folks here probably don't have a five year investment horizon on this company. I still say that a management led LBO makes a lot of sense for the managers. I doubt it will happen but a guy can keep hoping, yes?
Green close today for AKS? ((Okay, I own the shares and I doubt green but being down this much on news that isn't even new is just silly.))
Still seems to be true. I am getting to the point where I hate the day I first bought into this company. So many other opportunities out there and this stock trends down relentlessly.
Well what do you know. From being down 3% to being up a percent now as I write this posting. I will bump this post every day (and look like an idiot) if AKS swings up 4% each day.
I was being sarcastic and frustrated at the stock price movement. If steel prices are moving up then that just started very recently. Got a long ways to go to get back to that humble $7.50 level from two earnings announcements ago.
Because they are out to get you. Yahoo closed the message board to everyone just so it could cause an inconvenience to you. You must be pretty important!