Once again, investors are being asked to look ahead to the future with Steel Dynamics (Nasdaq:STLD). Tepid construction activity and iffy auto sales have kept a lid on this very efficient American steel company, but investors write this one off at their own risk. While a roaring recovery across STLD's markets is not likely in the near-term, the current stock price does not seem to account for this company's competitive position nor its full cycle earnings potential.
Q3 - Not Good, But Better than Feared
Like its larger rival Nucor (NYSE:NUE), Steel Dynamics warned investors earlier that this quarter was not going to be as strong as the original projections suggested. Perhaps counter-intuitively, the stocks in the steel space were actually fairly strong that week as investors seemed to be relieved that conditions were better than their worst-case fears.
Click this link for the full piece:
http://stocks.investopedia.com/stock-analysis/2011/Still-Waiting-On-Steel-Dynamics-STLD-X-MT-NUE-CLF-AA-UNP1023.aspx
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