$19.07 -0.06 (-0.31%)
12/4/2009 11:51 AM

Mechel OAO (ADR) (MTL)

CAPS Rating: 4 out of 5

The Company is a low-cost integrated mining and steel group mining business focused on mining products used in the production of steel, primarily coking coal, iron ore and nickel. It also produce a significant amount of steam coal.

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Member Avatar willbeau (26.13) Submitted: 7/24/2008 4:40:18 PM : Outperform Start Price: $17.64 MTL Score: +5.83

MTL is down 40% today on criticism from Putin. Goes to show Russia is not the United States. When congress was complaining about the excess proffits of the big oil companies, XOM didn't go down 40%.
I still want this stock in my portfolio for coal+steel+Russia. Can it overcome this downward momentum and head back up to where it belongs?

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Member Avatar pkt005a (67.99) Submitted: 7/24/2008 6:25:07 PM
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Yeah, but there's no chance that Bush would nationalize Exxon. Wish I could say the same for Putin and MTL. Hence the difference in reaction.Checkout the Gazprom fiasco as an example.I'm long on MTL too, but I'll admit to being really concerned.

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