Nikhil

Nucor Corporation: Dividend Stock Analysis

never say neverr again, FCX , a darling of many was at 127 and is now trading at 18 bucks, US steel is down from 196 to 24. In this environment its not just about how well you run the company when the demand dries up you have to cut production and wait and nobody saw the metal price crashing the way they did, everyone is catching up on cutting production, so < 20 is a possibility you cant rule out. Adn agreed its diversified, in times of panic everythin falls and correlation tends to 1 in all asset classes, so diversification benefits are reduced. Can you give facts , numbers why you think it cant go under 20.


On Nov 03 09:51 PM Tbeau2 wrote:

> Nucor is the most diversified and best ran steel company i the US.
> You will never see it fall under $20. Your knowledge of The steel
> industry is obviously very poor.