MT Mittal

Discussion in 'Stocks' started by killATwill, Oct 27, 2008.

  1. Ok, global slowdown, I know.

    This is the worldwide leader in steel production.

    MT has a a PE of 1.98 and a Price/Book of 0.48.

    Amazing. This is the inverse of internet stock mania. Many decent companies are getting sold at outrageously low valuations.
  2. The could have an EPS of 7 next year. With a raging deflation and global slowdown in steel consumption you could see a 20-25% cut in next years EPS compared to this years EPS.
  3. Agreed about the PE. When it comes to book, though, I'll happily pay 50c on the dollar for a best of breed company.
  4. unbelievable buy
  5. I put FCX in the same category.

    8.42% yield (will fall as earnings diminish, but so will short term treasury yields).

    Book value at 0.59! Under 60c on the dollar for their assets.