Nucor Corp (NUE)

Hassjo (99.02) Submitted: 10/26/2009 2:31:15 PM : Start Price: $43.44 NUE Score: +6.42

60% sales decrease heading into a slow seasonal period - this stock is heading lower....

GoodLuckChuck (< 20) Submitted: 3/6/2009 1:50:10 PM : Start Price: $30.79 NUE Score: +29.03

I've been in the steel business for 30 years and this is the most uncertain times by far. Nucor is a good company but the market is not there at this time. Times have been good for most of the steel group for a few years. We are are all hoping and praying for a miracle. Everybody in the steel business (myself included) is trying to hang on conserve any cash left. The selling price of steel has been discounted WAY more than the drop in scrap prices. The bail-out dollars have a direct steel value of less than 1% of last years domestic steel output. And now the foreign steel, even with it added tarrifs, is easing its way back in. 1st & 2nd qtr numbers will be way down. All in all, if your crazy enough to bet on steel, Go Nucor LONG TERM.

steelsteel09 (< 20) Submitted: 2/19/2009 12:29:55 PM : Start Price: $38.52 NUE Score: +33.18

This stock will probably go way down when you see their goodwill impairment charge for 4th qtr 08. Don't even look at 09. GREAT company in HORRIBLE market...you are forewarned!!

chenzen (< 20) Submitted: 2/15/2009 1:58:50 PM : Start Price: $41.49 NUE Score: +38.35

big run recently, cash to debt is not good. It will be a winner on recovery or even before with a big pick up in China but near term I think we'll see some downside.

gspgundog (94.64) Submitted: 1/9/2009 5:59:04 PM : Start Price: $42.03 NUE Score: +26.04

The stainless supply is strong and inventories and idled plants need to come back on line before earnings return strong. Look for a bottom near 30.

srk85 (86.57) Submitted: 11/25/2008 5:36:43 PM : Start Price: $30.65 NUE Score: -3.16

Earnings are falling, creating worse than average PE multiples for the industry.

Zabdi (34.44) Submitted: 11/18/2008 10:08:37 AM : Start Price: $31.08 NUE Score: -3.01

Just looking at the previous trend during this economic period, this stock seems to be under the S&P more often than above. Perhaps sometime next year or in the more distant future this stock will be a great performer, but I don't think it will perform well over the next few weeks.

steelbier (< 20) Submitted: 10/11/2008 3:25:02 PM : Start Price: $32.61 NUE Score: -9.21

The steel mills are no longer in control. Six months ago I couldn't buy all the steel I needed. What I could get get was sky high. Now they have droped their price $230/ton and are begging me to buy. Things don't look good for the steel industry.

Option1307 (30.93) Submitted: 10/5/2008 6:23:33 PM : Start Price: $31.00 NUE Score: -29.94

I am short the steel industry as a whole. Yes this industry has already gotten hammered; however, the US and likely the world is going to continue experiencing a recession. Thus, steel consumption will continue to fall...

Stockcorvair (< 20) Submitted: 7/17/2008 10:35:24 PM : Start Price: $58.56 NUE Score: +18.16

I don't know what the people who run this company are thinking, at least the ones running the plant in Wallingford Connecticut. They have just finished a major up grade to this plant in order to increase production. But in the past week they have shut off all there small customers. They (NUE) now will only sell steel by the tractor trailer load. I know this because I am / was one of their smaller customers. Smaller companies, like mine, don't have the room or the money for such an order. This came without warning, (real professional like) we found out when we tried to place an order. My orders with them run between 3 to 5 K , and they no longer want them. I was given several names of "bigger" companies from which I could buy NUE made steel but they are all my competition, and that is not going to happen.

The bottom line is this. The building industry is in a slow down, so why would you want to get rid of any customers, big or small? To me it is a dumb move, and I think it will come back to haunt them.

aaroger (26.05) Submitted: 7/22/2007 5:34:50 PM : Start Price: $55.94 NUE Score: +0.07

67

jaywilliam (< 20) Submitted: 5/3/2007 2:54:50 PM : Start Price: $59.95 NUE Score: +7.35

Steel industry will have it's ups and downs but Nucor will outperform over the long run.

NetscribeManufac (41.98) Submitted: 12/18/2006 7:49:03 AM : Start Price: $53.16 NUE Score: +2.94

With shipments of 20 million tons and a roughly 18% market share, Nucor Corp (NUE) is the largest steelmaker in the US. Given the volume of scrap steel inputs to its minimills, as against usage of iron reserves, Nucor also stands as the nation's largest metal recycler.

The steel industry is cyclical and highly competitive, and presently, has been characterized by excess world supply. This supply has restricted the abilities of Nucor and the industry to raise prices during this period of economic contraction. Along with the usual seasonal slowdown, decreased construction demand and increased imports are the main causes behind the recent inventory build-up. Starting second quarter, excess service center inventory levels have began to exert downward pressure on hot-rolled product spot prices and the scenario is expected to continue through 2007.

Due to growth in worldwide steel production, steel imports to the United States are rising and, in 2005, accounted for almost 25% of the domestic steel market. Going forward, imports are likely to beat the historicals, posing as a threat to the top-line growth of the domestic companies.

Although Nucor's recent performance has been nothing short of remarkable, operating alongside such large competitors as Arcelor Mittal and Commercial Metals accentuates its risks. Energy prices jumped 30% in 2005, and the cost of natural gas shot up 48%, resulting in an increase in the company's operating costs. Due to this, the company appears to be a highly risky venture; legacy retirement liabilities compounded with expected low earnings would prove to be a roadblock to its free cashflows’ growth.

With the sector’s heavy exposure to construction, automobile and appliances customers, the company’s shares are sensitive to macroeconomic aspects, particularly market interest rates. Nucor hopes to capture market share by being a low-cost domestic producer and leveraging its strong financial position but should the US lapse into recession, Nucor’s revenues and earnings would be likely to suffer a setback.