Schnitzer Steel Industries, Inc. (SCHN)

Steel is always needed especially coming out of a recession.

Used auto parts business set to outperform. As car companys cut back on leasing/loan options for customers all those people who really could not afford a car without fanciful lease return valuations lowering the lease rate will now have to buy used or fix their car. Cheapest way to fix it is with used parts. Any commodities slow down should hurt recycled metal sources the least.

Debt is higher than I like but it seems to be spent well. Rising receivables is either a concern or a sign of booming business. I am going with booming business because of acquisitions and a similar increase in revenue. Recent price drop gets it back into opportunity range.
Re-upping at a lower start price after collecting accuracy.

steel is my favorite metal...after gold

Grinding up America and selling it to the Chinese is a great business. SCHN has it figured out.

Another value screen pick. They're on the move.

should benefit from infrastructure upgrades

We'll see...

Big believer that steel recycling is the best of both worlds, in that it combines a green philosophy with a vital market sector that is undervalued BIG TIME at the moment.

Strong book value growth over the past 10 years, and strong EPS / Revenue growth over the past 3 years. Current ratio is very good, and debt is manageable. ROE / ROI is very good, and it is selling at a bargain price. Greenblatt pick.

Value play. Below book value.

Metal on the cheap

At the bottom of the barrell due to the credit crisis, expect to see this stock soar back to $70 in late 2009 of December.

This is a good company, but overvalued currently at $55/share. It's a good buy at $30 or less.

Group Value play in recycled steel sector. Continued high commodity prices makes recycled steel an efficient alternative.

score = 77

Discounted cash flow
Growing steel market
Lower cost of energy
Good stock for trading around a core position.

This will be the wave of the future... With the cost of new metals/steel why not get the same quality but at a lower price?

just got aa feelng

Bought this one based on TMFSinchurias blog about their earnings. Got a relative who does oilwell drilling consulting work. He told me that the price of steel is rising so rapidly that it has caused companies to change how they approach completing a hole. In the past, they would do detailed analysis about the size of casing needed for example 2000 feet 8 inch 1500 feet 10 inch etc. etc. to maximize the expected production of the well. Now with the price of steel so high and going higher they ask for whatever is available at today's price. They don't want to wait for new pipe to be produced for fear that it will be more expensive and may delay the completion of the hole. I believe steel goes higher from here and with it SCHN.