United States Steel Corp (NYSE:X)
CAPS Rating:
Pittsburgh-based U.S. Steel is an integrated steel producer, running steel mills, making steel products, and selling steel to carmakers, builders, and others who need steel.
Pittsburgh-based U.S. Steel is an integrated steel producer, running steel mills, making steel products, and selling steel to carmakers, builders, and others who need steel.
Recs
Best leveraged company for Auto Industry revival in sales. 2012 Auto sales have been forecasted to rise most since clunkers program at a 10% rise over 2011.
Article explains how United States Steel has advantage and can increase profit margins :
http://seekingalpha.com/article/262958-u-s-steel-has-opportunity-to-lift-profit-margins
Can you believe that at the high of 2007 United States Steel Corp. had a market cap of about $48B and today that is down to just $4.45B.
That is what a recession can do to mkt caps, but in the same breath you can see what a bull market can also do to the mkt cap.
We have entered a New Bull Market.