+ Watch NUE
on My Watchlist
A domestic manufacturer of steel and steel products whose customers are located in the United States of America.
Steel company with consistent earnings.
improving market, market leader
37% CARG EPS growth for 3 years out.
Dividends will become increasingly valued in the next few years
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albeit unevenly, and our nation's infrastructure from transportation and communication by-ways are either crumbling or out-of-date, the Industrial sector will be busy and active.
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.
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.
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.
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