MT will go UP
$150.00 on 5/30/09
$42.22 (-57.33% from time of market call)
If you want a great play on steel then MT is your company! The stock price for this company has exploded over the last month and with a high demand for steel in general this should continue to make a great play for the stock over the near term. With MT being a large steel producer having a market cap of 134 billion+ should still have some room for growth now that the demand for steel is reaching higher levels daily and should continue to do so as more and more countries around the world are becoming more industrialized and dependant upon building for growth. Look at the boom in Dubei and the middle east as well as china and various other emerging markets around the world to add to the increases in steel production over the long term.