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ArcelorMittal
Symbol: MT-N
Active: Y
Sector: steel
Last Price: 30.940
Last Price Date: 2010-07-30 02:25:45
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Experts who have talked about ArcelorMittal

BUY42.260Paul Harris, CFAHad a lot of issues with debt on their balance sheet and were very close to some covenants on the debt side. Expecting some good growth in the economy and steel will do well. Also own a lot of iron ore, which used to have prices set once a year but is now done quarterly.2010-04-22
DON'T BUY43.610Michael SprungMost of the stocks in the steel area are looking a little bit expensive.2010-03-17
BUY38.680Gordon ReidThis sector will do well as the global recovery takes hold and emerging markets start to build again. All of these types of companies are going to well if they are fairly priced, which this one is.2010-02-17
HOLD37.500Derek Webb, CFASteele has had a massive correction in the last month because of fears of China slowing down. He would guess this would go down to its support level of about $33 again and then go up.2010-02-11
DON'T BUY34.360Paul Harris, CFAThe growth cycle is over in this industry. The consolidations are over. There have been a lot of layoffs in steel industry, but they were able to move around hours or cut them to reduce layoffs. Thinks they did a good job of that.2009-09-01
Comment36.700Gavin GrahamArcelorMittal (MT-N) or US Steel (X-N)? Arcelor is a global play while US is an American play. Depends on your view of the global economy versus the US economy. He thinks the US will probably lead because they were the first to start stimulus.2009-08-25
HOLD37.620Mark GrammerLargest steel producer globally. With the urbanization of China and other emerging markets, there is a greater demand for steel and this company is benefiting. Well managed.2009-07-27
BUY29.700Rick StuchberryOwns a little bit of this in some of the more aggressive accounts. Bought it as an infrastructure play. You could enter here as long as you are positive going forward on the international side and the third world. The negative is that it has quite a bit of debt. If you buy, considered as more of a trade and sell when you make 20%-30%.2009-07-10
Comment28.700David Driscoll(Market Call Minute.) In the steel sector he would probably favour Nucor (NUE-N) because of the lower debt levels..2009-05-08
TOP PICK17.690Kevin O'Leary11.05% Bond due June 2013. Steel manufacturer, which will be a good play on infrastructure.2009-03-09
TOP PICK23.400Kevin O'Leary11.95% bonds maturing June 2013. Largest steel manufacturer globally. Infrastructure is about steel. Not going to buy stock when he can buy a bond that pays almost 12% until maturity. If the bond normalizes, it could double in value in a few years.2009-01-21
BUY77.270David DriscollDemand for steel continues to rise. Would by in for the long term (10 Yrs). Iron ore has been the big mover. Concrete and steel is still going to be in demand if you are going to build anything. 2% dividend2008-08-11
BUY90.910David Driscoll(Market Call Minute.) They own, through the Dafasco acquisition, iron core so they don't have to pay the feedstock costs giving them lower costs and higher earnings.2008-04-23
DON'T BUY64.410David DriscollThe trouble with steel companies right now is going to be what kind of dumping China is going to do in the steel markets. Would prefer companies that produce iron ore.2007-06-22
DON'T BUY35.270Jim O'ShaughnessyWould prefer looking at steel companies where you can still get a lot of value.2006-02-02

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