$AKS AK Steel Holding Corp

by joeflo416 | June 24, 2017 1:56 am

Hey Travis and fellow traders, i’d like to know everyone opinion on $AKS, is it a good buy, i need to diversify.

Source URL: https://www.stockgumshoe.com/2017/06/microblog-aks-ak-steel-holding-corp/

  1. 12309 |
    Travis Johnson, Stock Gumshoe
    Travis Johnson, Stock Gumshoe
    Jun 28 2017, 10:05:33 am

    Steel companies are all pretty cheap based on projected earnings these days, but I don’t find them particularly appealing as a rule — unless, of course, we go into a real tariff war and start to protect US steel companies with more tariffs on imported steel. That would lift them all.

    Don’t know a lot about AK Steel, but their debt burden is more worrisome than is the much larger Nucor’s, for example, so my guess would be that they are more in need of a real change in the market trends (rising steel demand or prices, for example) or an intervention from the government to improve their outlook. That’s just a quick opinion, though, I’ve not done any research in the steel business for a long time.

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