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Nucor (NUE -1.6%) announces Q4 guidance with EPS expected at $0.22-$0.27 against consensus of...

  • Thursday, December 15, 2011, 9:15 AM ET
    Nucor (NUE -1.6%) announces Q4 guidance with EPS expected at $0.22-$0.27 against consensus of $0.41. Hurt by lower steel prices and margins, the company also notes volatile raw materials costs as contributing to buyer uncertainty. (PR)
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  •  
    One word: Infrastructure. Too much of the so called stimulus was passed on as tax cuts and political payoffs in the form of blank checks. Rebuild some bridges, roads, and sewer/water systems and the steel industry will be jumping.

    Long NUE.
    16 Dec 2011, 12:20 AM Reply Like
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