AK Steel Holding Corp (AKS)
The Company is a fully-integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation.
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They produce steel for auto, appliance and building industries. when those markets become hot so will AK
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31,64 us$ 31 dEC 2009
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GOES
UP
WITH
U.S. STEEL
X
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Amazing how steel does well... maybe because its the best and cheapest building material. Its just that easy.
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Economic recovery and new emphasis on infrastructure will boost this company
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Play on steel, economic pickup and reflation trade. Good balance sheet. Does have a pension funding issue but as the economy improves, the company should be able to meet this need.
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iif you are looking for a winner in steel stocks this stock is a good buy and will prove itself.
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Good earnings ahead.
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Steel and carbon will have a great demand soon,
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with the new plan in congress, I feel, the outlook is great for steel!
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Great future play. Solid balance sheet
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bought 1,000 @ $9.20
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Steel will be big in 09 and this one is ready to roll.
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Once the inevitable market recovery starts (sometime in the next 5 years) this stock is going to take off like a ROCKET. @ $10 I will grab a bunch and sit on them until they hatch ;-)
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Good income growth @ 70+% and sales growth at 15% in a recession. and still profitable. Plus it has been badly beaten down so it should be a good pick.
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The economic slump has affected the buildup of infrastucture around the world. When the economic conditions improve significanly the market for steel will follow.
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Steel will come back, this one should pop 50%in 6 and then a good run for a few years when the recession is over,buidling will return
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Lean, efficient company will power through the crisis and come out on top.
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I can see this company bouncing up. The Obama administration is likely to take control the way Franklin Roosevelt did forming his New Deal era and fund large infrastructure expansion/repair.
So to build dams, roads, bridges, and sewer systems, the nation will need a strong steel supply, and AKS is poised to take charge. It is a US corporation, and Obama has stressed contracting US companies so that not only the industry itself will grow but it would end up employing US citizen workforce instead of a foreign one.

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