You need to upgrade your Flash Player
Nate Hoch profile image hochnath

Nate Hoch

$4.28
2/04/08
$1,000,000.00

2
-
-
-
Send Message

Stock Pick by Nate Hoch

AKS: American Steel Industry

Start trading AKS with real money!

Rate Analysis
star star star star star
8 ratings
Posted 579 days ago on 4/21/08

AKS will go UP
$100.00 on 10/21/08
$18.69 (-72.64% from time of market call)

AK Steel Holding Corporation, through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, as well as tubular products in the United States. This seems like a good time to buy stocks in American steel companies, with foreign companies not being able to compete at this time. In the next six months I see AK Steel Holding to get to around $100 a share. The reason I pick this one over US Steel Corp (X) is simply because the price is lower and you can therefore purchase more stocks. The entire steel industry appears to be a solid buy, but you might as well get the most stock out of this industry and since AKS is half the price of X you can get twice as much stock for the same price. With the recent posting of better then expected quarterly numbers, this proves that this company is doing something right and it should continue to see growth in the upcoming months.

Add a Comment

Comments

Posted 4/21/2008, 5:16 pm

More shares. Sorry for that.

Posted 4/21/2008, 4:27 pm

the price is lower and you can therefore purchase more stocks???!!!!!!

Posted 4/21/2008, 3:37 pm

I like your growth projections, could use a little more hard facts though to convince the rest of us.

Displaying 1 - 3 of 3
Subscribe to Stock Analyses Comments feed:


Make a suggestion for this page

Investing Channel Logo

Data powered by QuoteMedia (Terms of Use). Data delayed 15 minutes unless otherwise indicated.