The Company is a global steel producer. It produces a range of high-quality finished and semi-finished carbon steel products including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products.
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Huge international steel producer. Good dividend. Good long term prospects. As long as the world's economies are muddling along, so will the stock. However, at the first hint of a recovery, this one will take off. Since it is well priced at the moment, and pays a good dividend, I am happy to be a buyer at these prices (in fact, I just picked up some shares last week), and will hold for a long time. How beaten down is the stock right now? Morningstar has a 5 star rating on it, with a "consider buying" price that is very nearly a double ($28.80) from where it is now, and a "fair value price" of $48--more than a triple from here.
It may take a good, long time to reach that "fair value price", but with a dividend of nearly 4%, you are getting well paid for the wait. And Morningstar's "consider selling" price? $74. Yeah, it may be a while before we get to that point. But, that dividend really helps maintain one's patience.