Allegheny Technologies (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...