ArcelorMittal (ADR) (NYSE:MT)

CAPS Rating: 4 out of 5

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.


Player Avatar Truslunch (< 20) Submitted: 3/25/2013 5:15:36 PM : Outperform Start Price: $13.06 MT Score: -39.39

Largest steel producer in the world sitting at 52-week lows. This is a good value opportunity. Stock has taken a beating from market due to recession, fears on European economy, and lack of demand. MT has been closely associated with Europe since it is based in Luxembourg, but this is a global company located in 5 different continents, not just Europe. Seeing how the Mittal background is from India, there is a lot of opportunity in Asia when demand picks back up. So I'm a buyer from here. Huge upside long-term potential that pays me +4% to wait for a global recovery and is poised to benefit the most from future Asian development? Yes, please.

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