Frankly, I do not know any more about fundamental analysis than I know about the Gobi Desert ... which is zero. While the chart on X still looks fabulous (maybe better than ever) can someone, anyone, tell me how in hell this stock is worth even $50 a share. What is the pitch for getting, being or staying long this stock at this level?
I told all the other assclowns on this site who were knee deep in love with this pos to step aside... working in the steel industry myself, anyone in this thing is in for a rude awakening.
today it sold off badly by the way MT didnt sell that bad. i thought the way the selling was going on X could be down $5
Anyone out there who understands steel company fundamentals care to comment? Does not seem like their earnings can support a $65 or $70 stock price even if this recovery is the real deal.