Imaging putting together bits and pieces of United Technologies (UTX), U.S. Steel (X), Technip (OTCQX:TKPPY), TRW Automotive (TRW), and Allegheny Technologies (ATI) and you might end up with something that resembles German conglomerate ThyssenKrupp (OTCPK:TYEKF)
(TKAG.DE). ThyssenKrupp is the third-largest steelmaker in Europe, but
also a large player in metal marketing/logistics, elevators, large-scale
plant construction, and vehicle components.
It has been a while
since ThyssenKrupp has reported good earnings or margins, a byproduct of
the same steel down-cycle that has hit ArcelorMittal (MT) and Salzgitter,
but management has made some curious moves with respect to asset sales
and take-backs. Investors seem confident in this name as a rebound and
restructuring play, but it seems like a lot of improvement is already
factored into the share price.
Please read the full article here:
Investors Seem Surprisingly Willing To Buy ThyssenKrupp's Weird Brew
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