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Nucor Corp. (NUE)

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What's your view of NUE?
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  • David White: NUE has at least a reasonable FY2010 PE at 17.8. X's FY2010 PE is 53. Per Fitch, there is high uncertainty about even that poor number.
    1 day ago
  • David White: MyHappyTrading.com: There are good reasons that there are a lot of shorts in X. Notably NUE short interest is only 2.6%. X's is 17.6%.
    1 day ago
  • David White: When CMC says they see no sustainable uptick in demand for steel, I believe them over you Joshua Hayes. NUE guidance downward agrees.
    1 day ago
  • David White: Mounting evidence from steel makers indicates no big uptick in demand recently other than CFC's replacements -- see NUE and CMC guidance.
    1 day ago
  • David White: NUE (a steel maker) gave negative Q4 guidance recently Break even only, after earlier estimates were more positive.
    1 day ago
  • David White: Cramer likes X but he loves NUE. At least NUE has a reasonable FY2010 PE. X's is about 50, and that's very uncertain.
    2 days ago
  • David White: NUE release negative guidance for Q4 recently. It should about break even. Previously had predicted a good profit. All steels not gold.
    2 days ago
  • David White: Steel makers may be in for a retracement as Fitch puts them on ratings watch (Mon) and NUE lowers Q4 guidance substantially (Tues).
    Thu, Dec 17, 2009
  • David White: Fitch article yesterday warned on steel maker earnings. Today NUE pre-announced lowered guidance.
    Wed, Dec 16, 2009
  • David White: X still trading at 3-4 times other steel makers comparing FY2010 earnings estimates. Crazy multiple!! NUE guides estimates are too high.
    Wed, Dec 16, 2009