the Borgota online sites and partypoker will keep the PR's rolling with Upgrades for months to come.
Sentiment: Strong Buy
The fundamentals are a huge value. Huge Value.
Shorts will have to cover, we have $2 immediate upside
A better buy than CZR/CACQ by far, not even close from
a deep value standpoint this is IT. Borgota reigns over NJ.
Sentiment: Strong Buy
ugly as it gets if not worse. but old.. we need to know how they have done since the end of June. Impossible to evaluate this without knowing the CURRENT state of financials. Still, I have to avoid, they will undoubtedly raise cash by selling stock unless there is a buyout.
Michael Howley VP Sales sold 10k shares at 28.35
the filing is on Edgar. 11/25
he joins Andrew Greenfield VP healthcare solutions
who sold 40k shares on 11/13
and also Gerald Austen Director sold 8k shs on 11/13
Howley also sold 10k on 11/13
goes on and on lots of insider sells at this price.
basically tells you forget about a buyout.
because the stock could very well be 2-3 dollars lower then.
a rising tide lifts all ships... until the tide changes. X is a member of the S&P 500 weighted index... realize that if you take out the index buying (etfs, mutual funds, etc) X would have fallen more than it did Friday. Thus if the S&P eventually has a negative day the index selling effects all components.
The claim that a rise in interest rates would drastically help US Steel is overblown. Realize that the Fed has a low interest rate policy for years to come. Also realize that if the 10-year yield ever rose substantially above 3%, the stock market would correct downward dramatically as bonds would be more attractive. That would hurt X which is an equity on the stock exchange.
Understand that even in the most ridiculously impossible-for-years scenario that rates rose a full 1%, US Steel pension obligation cost would only be offset by about 10%, according to company statements. Regardless, the company cannot afford to pay off it's debt, so even if they earn $1 in 2014, which is only 144 million, that profit is miniscule compared to their 11.2 Billion in liabilities.
Are you also aware that rising rates are bad for the company's debt, so it cuts both ways.
There is potential for restructuring and bankruptcy within 3 years, actually. The assets to liablity ratio here is vulnerable and thin.
well, at least you're reasonable enough to sell at 25. there is a lot more to consider than just the chart. the stock market has been performing ultra-bullish and that is lifting mostly all stocks. Until it doesn't anymore.
US Steel is overvalued. The company has zero chance to earn a profit until deeper into 2014 and that's dependent upon what they can get for their product lines. The book value of $12 is very difficult to extract and a $25 price is hard to justify because they owe 4 Billion in long-term debt and $5 Billion in pension obligations. I think buyers should wait for the company to actually earn profits someday (think about how much profit they will have to earn over time to pay $9 Billion). The stock has gotten away from where it belongs due to Goldman and Morgan Stanley hyping it because their clients own it and need a market to sell into. Meanwhile the firms such as Citigroup, Deutsche Bank, Barclays, JP Morgan and Wells see the risks as considerable.
Throw away the old chart because there is more stock now than in 2007, 144m to 118m, and the balance sheet is much more hideous. Pension and Debt obligations are almost 100% higher than they were in 2007, and liabilities are now 11.2 Billion whereas the assets total is only 13 Billion. Not a lot of wiggle room especially considering the bulk of their assets are illiquid.
still making losses and will post another loss this quarter. possibly a loss in 2014 - that's not ouit of the question.. and all else i can say is they better start making a small profit someday with that 9 Billion they owe to debtors and pensioners.
even if there is news Monday it will only be the highest price you'll see for a long time because the money has been made here up 55% in 3 months with vulnerable steel prices and a company that is not even profitable at all.
sell - don't be stupid.
Motley Fool : The bottom line: Curb your enthusiasm for steel stocks.
I'll listen to JP Morgan, Wells Fargo, Citigroup, and DB analysts who know the industry before I listen to some chump on a message board who doesn't know when to sell. too bad you don't read what the professionals have to say.
in case you haven't noticed, there was a seasonal rally already. it's over. the stock went from 17 to 28.
where have you been ? also on Monday JP Morgan's steel analyst Gambardella had negative things to say about X and AKS specifically. I suppose that doesn't interest you ?
Barron's - November 22, 2013, 11:32 A.M. ET
Wells Fargo Downgrades US Steel, Nucor on Steel Price “Head Fake”
Deutsche Bank also downgraded on Oct 30th. Now you can listen to the "hubroom" or CNBC pumpers who want you to buy at the high or you can listen to the Wells Fargo analyst who says underperform 17-21 target today. Something tells me that perhaps he has more contacts in the industry than anonymous internet posters operating a pump n dump.
in case you haven't noticed, the stock has run from 17 to 28. there is increasing chatter that steel prices will not maintain these levels and demand will slow in the coming months. JP Morgan also downgraded AKS and Wells also Nucor. do a search on the downgrade of Wells the analysts explains this.
this time it's Wells Fargo. Wells Fargo downgraded US Steel (NYSE: X) from Market Perform to Underperform with a price target of $17-21.