Nucor Corp. Is A Buy

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About: Nucor Corporation (NUE)
by: Patrick Doyle
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Patrick Doyle
Long/short equity, long only, Growth, momentum
Summary

I think shares of Nucor Corp. represent great value at these levels. The stock barely budged when the company recently guided expectations much lower. This is instructive in my view.

The company has a long and proud tradition of treating shareholders very well, and the dividend is very well covered.

For those nervous about the steel market, I recommend a short put that I think presents investors with a "win-win" trade.

Over the past twelve months, the shares of Nucor Corp. (NUE) are up about 13.5%, and I thought I'd check in on the name to see if it still makes sense to buy