Investors might feel like the White Queen is running the economy these days. There was good growth in the past, and a lot of people seem to be expecting it again in the not-so-distant future, but it is pretty hard to find in the present. With a series of pre-announcements over the last few days, the steel sector is definitely shaping up as a "jam yesterday, jam tomorrow, sorry ... none today" sort of sector right now.
Steel Dynamics
To a certain extent, maybe Steel Dynamics' (Nasdaq:STLD) downward revision for the third quarter was not a big surprise. After all, analysts have taken down the numbers on this major mini-mill operator multiple times over the last three months and estimates are now about a third lower.
For the full piece:
http://stocks.investopedia.com/stock-analysis/2010/The-Steel-Sector-No-Jam-Today-But-Maybe-Tomorrow-STLD-NUE-AKS-X-CMC-VALE-CLF0917.aspx
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