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| BUY | 21.310 | Charles Lannon | Steel stocks were amongst the very worst performing last year. Probably a good opportunity here where good quality steel companies are trading as low as 4X cash flow. Because of high fixed costs, they will never command huge multiples. If you own, there will probably be a holding period of about 2 years with a fair amount of volatility. | 2012-02-02 | |
| Comment | 18.310 | Rick Stuchberry | When you are looking at these big steel companies, you are looking at the Asian recoveries and do you buy or not? While Asia may not grow at the same rate that it has been growing at, but he thinks the fundamental story still holds. He would be more of a trader than an investor for the long pull. | 2011-12-22 | |
| DON'T BUY | 17.760 | Gavin Graham | Downside is still here because steel is a major factor in economic growth. Dividend is giving some support but could be cut or eliminated completely. Won’t go up any time soon. | 2011-09-09 | |
| BUY | 19.770 | John O'Connell, CFA | This is something he would look at here. You might get a short-term boost here because he feels you are about to see India and China take their foot off the brake. | 2011-09-07 | |
| HOLD | 20.610 | Srikanth Iyer | Steel has had a different cycle than copper or gold. Global growth is being questioned. But CEOs have not cut back cap X. This is the last name standing. He would not buy it just yet if you haven’t yet. | 2011-08-24 | |
| Comment | 32.480 | Gavin Graham | Biggest steel company globally. Up 10%-11% over the last year. Putting $1.2 billion in their iron ore mine in Quebec. When the world goes into a recession, steel companies go to heck in a hand basket as they are an exceptionally leveraged play on global growth. 1.9% yield. | 2011-05-20 | |
| BUY | 42.260 | Paul Harris, CFA | Had 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 BUY | 43.610 | Michael Sprung | Most of the stocks in the steel area are looking a little bit expensive. | 2010-03-17 | |
| BUY | 38.680 | Gordon Reid | This 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 | |
| HOLD | 37.500 | Derek Webb, CFA | Steele 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 BUY | 34.360 | Paul Harris, CFA | The 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 | |
| Comment | 36.700 | Gavin Graham | ArcelorMittal (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 | |
| HOLD | 37.620 | Mark Grammer | Largest 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 | |
| BUY | 29.700 | Rick Stuchberry | Owns 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 | |
| Comment | 28.700 | David 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 PICK | 17.690 | Kevin O'Leary | 11.05% Bond due June 2013. Steel manufacturer, which will be a good play on infrastructure. | 2009-03-09 | |
| TOP PICK | 23.400 | Kevin O'Leary | 11.95% 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 | |
| BUY | 77.270 | David Driscoll | Demand 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% dividend | 2008-08-11 | |
| BUY | 90.910 | David 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 | |
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| DON'T BUY | 64.410 | David Driscoll | The 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 BUY | 35.270 | Jim O'Shaughnessy | Would prefer looking at steel companies where you can still get a lot of value. | 2006-02-02 |
