bassmaster17

World Steel Association Projects Steel Demand Will Return to 2008 Levels

Dr. D has some terrific articles. That being said. I remember when Credit Suise downgraded NOV when it was at $27 and the nice backlog despite some recession related weakness coupled with the strong balance sheet and valuation made me puzzled by the call. Nobody has downgraded NUE, actually UBS updraded it at $49 and Goldman has said some good things about it. I like the balance sheet, the dividend and the afformentioned article supports buying it. Despite the quarterly losses the future seems bright for NUE and the negativity surrounding it could be stemming from its CEO's bickering and complaining. He has emotional issues, but when it comes down to it, he excels in the category that counts, which is running a business. Look through the gloom...he was exuberant in 2007 when things were going well...and I believe those who buy NUE will be rewarded in the long run.