AKS: great company should benefit from low rates

even though this ak steel is up 104% in the last year they are still fairly cheap with a 5 year peg of .76 (1.32 is avg competitor) and a PE of 18.69 (18.18 is avg comp.) they have way more cash then current liabilities and im interested in what they will spend the cash on. i would like to see a little higher yield then .3% but what they do with thier money is not up to me. 40% of thier sales comes from the automotive industry, i wouldn't be supprised with all the new hybrid and green cars, plus lower interest rates that they will increase this nicely over the next couple years, the only fear i have is that they will not sell as much appliances if we continue to go in a recession