Nucor Corp (NUE)

intlvaw (94.09) Submitted: 8/14/2008 2:31:23 PM : Start Price: $48.77 NUE Score: +0.38

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