David White: After GS' negative unemployment forecast and GDP revision to down 2.2%, downward EPS and revenue estimates are coming, esp. for steels.
2 days ago
David White: According to Fitch, which has all US steel makers on credit watch, the FY2010 revenues and EPS estimates are very uncertain (likely lower).
2 days ago
David White: After GS' unemployment forecast, I doubt even GS' HFT program make X go up. X trading at a 3-7 fold premium on FY2010 EPS to other steels.
2 days ago
David White: Analysts should be lowering steel makers EPS and revenue estimates based on GDP data yesterday. Waiting until after Xmas?