Imaging putting together bits and pieces of United Technologies (NYSE:UTX), U.S. Steel (NYSE:X), Technip (OTCQX:TKPPY), TRW Automotive (NYSE:TRW), and Allegheny Technologies (NYSE:ATI) and you might end up with something that resembles German conglomerate ThyssenKrupp (OTCPK:TYEKF) (TKAG.DE). ThyssenKrupp is the third-largest steelmaker in Europe, but also a large player in metal marketing/logistics, elevators, large-scale plant construction, and vehicle components.
It has been a while since ThyssenKrupp has reported good earnings or margins, a byproduct of the same steel down-cycle that has hit ArcelorMittal (NYSE:MT) and Salzgitter, but management has made some curious moves with respect to asset sales and take-backs. Investors seem confident in this name...
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