+ Watch PKX
on My Watchlist
The Company manufactures and sells a line of steel products, including hot rolled and cold rolled products, plates, wire rods, silicon steel sheets and stainless steel products.
PKX is a stock I found several years ago. I didn't have the money to pull the trigger, so I had to watch the stock shoot up from a bystander's point of view. Since they had moved to what I considered nose-bleed valuation, they fell off my radar. Fast forward to Spring 2011. Seeing the scope of the disaster in Japan, it seemed to me that rebuilding will require a massive amount of steel. This will make a strong commodity even stronger. I decided to take another look at Posco, and found the stock has returned to a much more logical valuation. I'm giving this an outperform on CAPS, and will be buying with real life money in the near future.
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