Wednesday, June 25, 2014

Seeking Alpha: POSCO Looks Serious About Building Value

It looks like a new day for POSCO (PKX), Korea's giant steel company, as new management has made it clear that the empire-building of the past is going away in favor of a greater focus on margins, returns on capital, and businesses with long-term competitive advantages. The shares look like a decent enough value on near-term EBITDA, but the long-term potential is more attractive if the company can get back to mid-single digit ROEs in a year or two and double-digit ROEs down the road.

Follow this link to continue:
POSCO Looks Serious About Building Value

No comments: