Steel Dynamics, Inc. (STLD)

nh311fan (< 20) Submitted: 5/29/07 7:10 PM : Start Price: $22.33 STLD Score: -23.98

They loved AK Steel for the recent updates to plants, so STLD is in an even better position as a buyout target. If you look at all the mergers within this sector all are driven by recent investment in facilities and infastructure. STLD is at the top of that game. The company is only 14 years old and has heavly invested in the new plants they have started as well as the plants they have acquired. They are currently expanding the rail division in Indiana with a $150 million investment that can support another hot industry, railroads. They are also getting into the mining business with the purchase of over 3,000 acres of proven deposits of iron ore to hedge against the rising scrap prices. The management team is using extra capital to payoff existing debt and to buy back shares. This company is run by people who are investing in there own future along with you.

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