Commercial Metals Co. (CMC)

All Comments on CMC

  • commenter
    Clavis
    Sep 19 08:34 AM
    Chromium: More Than Fancy Trim [view article]
    Very interesting article, given me my homework for the weekend!!! Reply
  • commenter
    pacito
    Aug 19 06:28 AM
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    Chesapeake is going to plummet. Simple reason for that: They are on the verge of experiencing Peak production. Just have a look at the numbers of Texas Railroad Commission.
    Statewide monthly gas well gas production for Chesapeake Operating:
    Oct 07 32.9 Nov 07 31.5 Dec 07 31.1 Jan 08 29.9 Feb 08 27.4 Mar 08 27.8 Apr 08 25.7 May 08 25.1
    So, production plummeted by 24% within 8 months. Within these 8 months NG prices surged from 6.17 (Q3 2007) to 11.34 (Q2 2008).
    Also: According to Texas RRC, output from the Barnett Shale peaked in Dec 07 with 3.07 BCF and declined to 2.61 BCF (May 08) so far.
    Shale NG is hot air, just declining too much.
    Reply
  • commenter
    Fred Ruffy
    Aug 18 09:21 AM
    My Website
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    Thanks a lot for the feedback. It helps.

    This column (The Top 5) will be updated weekly.     Reply
  • commenter
    stonebraker
    Aug 18 06:38 AM
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    Agree- very useful and interesting information. Please continue. Reply
  • commenter
    DonaldRay
    Aug 17 08:20 PM
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    This is a whole lot better than what's his name(philip davis) using seeking alpha for his personal attacks on the government. Reply
  • commenter
    fatcat
    Aug 17 12:35 PM
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    This is what I like to see on SA!! Reply
  • commenter
    User 156641
    Aug 17 08:24 AM
    Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup [view article]
    Great column with very interesting news and comments. Look forward to more. Reply
  • commenter
    User 244491
    Aug 16 05:32 PM
    Friday Options Update: CIT, LEH, CMC, MAS, JCG, TXN, CY, MSFT [view article]
    One of articles I like on soon to become junkyard SA,correct statistics,good knowledge.Traders can decide what to to with such info.
    I would not bet on any call for SP500 members,at markets next year at below 50% from today's price it is hard to pick up a winner.     Reply
  • commenter
    hidilip1975
    Aug 15 03:49 PM
    Friday Options Update: CIT, LEH, CMC, MAS, JCG, TXN, CY, MSFT [view article]
    Hi Andrew and rebecca ,Your posts rocks !!!! Reply
  • commenter
    Rocknrollleg
    end193
    Jul 24 01:54 PM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    Excellent article. By the way, won't increased oil demand actually increase steel demand for drilling purposes? Reply
  • commenter
    MetalDirecto
    r
    Jul 02 11:41 AM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    Your comment was "Many analysts during the call were asking CMC executives why they are not selling into these much higher priced markets? CMC responded that their production was at 100% just to satisfy domestic demand, and if they had any spare capacity they would ship overseas for those much higher margins. The shipping cost are only between $80-100 a short ton."

    Does this make sense to you? It doesn't to me.

    I am a director of a primary mill and several metal related convertors.

    If they are at 100% of capacity, microeconomics tells us, that they should raise their price until they have reached equilibrium - not 100% of capacity - if the world price less freight is still substantially above the domestic price. The only rationale for submarket pricing is new market share, but with construction down and energy up, higway construction costs and cement will preclude a domestic spending program from any job creation policy for the next president.     Reply
  • commenter
    jb1201
    Jun 25 08:04 PM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    excellent commentary, and follow up commentary. Reply
  • commenter
    Tibis123
    Jun 23 10:35 PM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    Bellard,

    First thing first, higher oil price is not necessarily a sign of strong economy. It could be a result of pure speculation as well. At this point, I am very bullish with the steel industry, as you are. Having said that though, I think the demand for steel will remain as strong as it is if and only if the global economy keeps growing. With oil price going up the way it is, no body knows for how long, one can reasonablly conclude it will slow down global growth. That is evident in the US economy right now where different sectors (Airlines, Transportation, etc) are greatly impacted by the price of oil. With slowing economy, the demand for Steel will be weak! You said If oil prices cause the global economy to fall, then oil will fall also... As far as I am concerned, the global economy is already slowing down (led by the US)... and the price of oil is still rising, with no sign of slowing down. I dont disregard the inevitability of demand destruction as the price of oil keeps increasing. But it is very likely that it will get to the point where it cripples the world economy before the demand for oil subsides and the price starts falling.. In short, Oil price rising results in significant global economic slow down (with out necessarily causing the price of oil to fall) and that will most likely translate in weak demand for construction (steel).     Reply
  • commenter
    bellard
    Jun 23 09:23 AM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    "With Oil prices likely to keep surging, it is very important to note that will stifile economic expansion and, therefore, eat away the demand for steel."

    Tibis;
    I actually do not agree with this. Higher oil prices are a sign of a strong global economy, hence strong demand for steel. Like I posted in the article, CMC is expanding so it can ship overseas and make more money - If US demand falls, CMC would shift that supply overseas and make better margins.

    If oil prices cause the global economy to fall, then oil will fall also.....     Reply
  • commenter
    bellard
    Jun 23 09:16 AM
    Commercial Metals Earnings and the Domestic Steel Market [view article]
    "What is you opinion on the penalty tariffs recently cleared by the U.S Int'l Trade commission "for circular welded pipe"? Is this a trend?"

    Steel;
    I think that global economics are already dealing with this issue. But it is good to see the steel firms standing up against dumping. My main concern in the past has been that many countries subsidize energy to the point that its cheap to make steel products, and hence easy to dump into the US...     Reply
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