$43.92
-0.55 (-1.24%)
Nucor Corp (NYSE:NUE)
CAPS Rating:
A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
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A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
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It is necessary to distinguish between pure commodity plays in the materials sector and management bets. NUE has arguably the best management in the business and a relentless continuous improvement culture. NUE is US focused and gets its raw material from scrap. I have no idea where we are in the commodity cycle, but a proven strategy is to buy good management at a great price and let the cycle take care of itself - In the short run , could fall further as money rotates out of commodities will add to position in my RW port on a meaningful decline