Is It Time To Pick Up ArcelorMittal Again?

About: ArcelorMittal (MT)
by: The Investment Doctor
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The Investment Doctor
Long/short equity, value, debt, base metals

ArcelorMittal's free cash flows remain incredibly strong.

This remains hidden by the investments in the working capital position.

ArcelorMittal is hinting at a substantial share repurchase program once the net debt has been reduced to $6B, which could be as early as next year.


Approximately 16 months ago, I added ArcelorMittal (MT) to the Nest Egg Portfolio as I expected the company to reinstate its dividend policy. However, less than six months later, I already