To arrive at its 2016 guidance, ArcelorMittal has assumed that current raw material prices and spot steel prices will remain at the same level. According to ArcelorMittal, “This guidance does not capture any upside to current market conditions.” Wall Street analysts have higher estimates for MT. According to the data compiled by Bloomberg, analysts expect ArcelorMittal to deliver EBITDA of $5.4 billion in fiscal 2016
well, i guess there is two ways to look at a glass half full of water. If you think the world is going to stop moving forward, then I would stay away from MT. Yes, people can run for the hills if they want to, but not everyone will. And, those that stay, will continue to build and make the world better...
I don't have a crystal ball, but I feel strongly about th market moving lower at close today..
MT has not been at this level in forever; over 10 years. This is very oversold and undervalued big time at this price per share. Buy and hold..you'll be very happy over the next 3 years!!!
I don't know about a takeover, But I can assure you the Chinese will increase their bottom line! They will buy from MT before X and AKS! It's a great time to invest in MT...not saying it won't move down with all the BS in the market, but it sure is a great time to start investing! Q4 sales beat and loss was less than expected...now here comes China...
Mr and Mrs Shorts have arrived. Welcome to our home...
OH HOW I LOVE TO SEE LOW VOLUME DROPS!!! Desperate measures from desperate people!! When the short side starts covering hard and the $100 Mill buy back steps in...ouch!! Going to be a fast and ferious ride back to where we should be $15+ a share!!
Oh how nice, US Auto sales are STRONG..AGAIN! Buying cars and buying HOMES!! It's about time those
leaching MILLENNIALS get into the housing market and get out of Mom and Pops home!!
take $100 million and buy back shares at dirt cheap pricing par Book Value!!!!!! This will increase shareholder value moving forward..buying more with each pay period!
No, I don't follow that MORON! I just happen to catch the end of his show on Friday and they were doing the lightening round. Cramer said RDN had a nice run..(RDN is at the bottom and beaten down) and Cramer recommended LEN / Lennar Corp instead (LEN is at a 52 week high) JUST SHOWS YOU HOW STUPID CRAMER THINKS WE ARE!! He probably wants out of LEN..Ha. No, I was trying be sarcastic in the above message! I'm long RDN..
RDN was on the lightening round and Cramer said RDN had a nice run but it's over.....
Someone is calling their RDN bluff. $100 million share buy back doesn't mean anything unless they start buying back...when, and if, they start buying their stock back, the share price will climb to $15 very fast..$15 is where this Co. should be trading. Heck, I wish they'd take that $100million and increase the divi!
Guess this company is looking to Gap-Up soon. They are just as p'd-off about their stock price as we are! Book value has risen to $12.07. $100 million stock buy back will sure put a pinch on the shorts! Glad RDN is waiting for them!! Make shorts pay!!
The other thing RDN may have working its' favor for 2016 is that some of the smaller private Co's probably will have a tuff time getting PMIERs compliant..RDN has met the new standards and is ready to go. So, they should gain more market shares. Earnings are next week and we'll just have to see.
you're right, took a small loss when I sold @ $10.49. I'm guessing it will open below $10 on Monday and I will look for a re-entry point. I do like what they push. People want to buy homes and other insurance is needed. It's not discretionary but certainly cyclical in nature. I'm hoping those great housing numbers out today don't make it gap up on Monday...it was the best end of the year housing sales has seen in a long time...
Not looking good for RDN the industry as a whole is dropping.....Management can only prop it up for so long.
Time to take the rose colored glasses off. Yes, they have money, but not for long. They probably will not even offer a divi.....too bad.
Capitulation is a good thing...is provides buying opportunity you don't get too often!
$14.25......you think this is just a little oversold...