Michael Vellucci

Allegheny Technologies: Challenged In 2013, But Poised To Take Off From Aerospace Recovery

Business Overview:

Allegheny Technologies (NYSE:ATI) is one of the world's largest producers of specialty metals. It maintains a diverse product mix which includes titanium, nickel alloys, precision strip and exotic alloys. Although Allegany produces some commodity items such as stainless steel products, its focus and a significant portion of its profits are generated from innovative, specialty alloys that only a few companies in the world are able to produce.

It's Been a Tough Few Years:

Allegheny is a very cyclical stock as most of its end markets are tied to long cycle capital projects which ebb and flow with overall economic output. Its revenue peaked in 2007 at $5.5 billion, a high water mark it will not likely...

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