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A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
NUE is one of a handful of stocks from my investment slice I call Rebuild America. Since 2008 investment in public infrastructure has largely been set aside. Because the economy is improving, albeit unevenly, and our nation's infrastructure from transportation and communication by-ways are either crumbling or out-of-date, the Industrial sector will be busy and active.
3 Stock make you rich pick
One of my top 5 picks from SA 2014 Challenge
Div. (Yield) $1.48 (2.7%)Current Yield . . . . . . 3.95%
Steel cyclicals should all perform well over the next 5-10 years. Nucor is one of the best. I like the NG strategy for DRI. Always innovating.
company has cash and set itself up to make big profits when things turn around. They did it in 04 and they will do it again,
Housing and other construction will remain sleepy for some time. I expect growth but it will lag behind the broader economy no matter the rate of growth.
When, not if, construction picks up, this company will be gangbusters. Excellent managment of cash and people resources.
Strength of the dollar as a "safety" currency will hurt the US Steel market for a while and keep pressure on NUE's margins.
value + infrastructure investment = win.
Steel will make a rebound as construction kicks into gear and infrastructure spending begins to put pressure on commodities prices.
US recovery is in place, current (5/4/12) fears about the US are vastly overblown.
Below I've outlined a few reasons why I see Nucor as an attractive investment moving forward:? Nucor has a history of continuous innovation technologically, stylistically, and managerially.? Committed to high-quality steel products at competitive prices, the company still boasts strong financials. ? Positioned to rebound in a big way when construction improves. In fact, recent figures suggest higher-than-expected seasonal improvement, which may indicate the initial stages of an upward trend.? It is a well-managed, efficient company with a decentralized management structure that encourages autonomy and boosts morale. ? Nucor is the largest U.S. steelmaker; it benefits from being the main player in an oligopolistic market. The resultant pricing power is a sustainable competitive advantage.? Recent moves to become more vertically integrated should help the company’s long-term returns. ? American company with >50 years in the industry will benefit from nationalistic ideals now and into the future.
Going ahead of earnings call
15x FCF, reasonable debt load, and a superior dividend yield add up to a "buy" recommendation for this best-of-breed steelmaker.
The "Mad Money" host thinks Nucor is breaking out here. He suggests buying it.
Best in breed.
Dividend hikers to outperform stagflation.
Will pick up once the economy rebounds.
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