baranozdemir/E+ via Getty Images
Allegheny Technologies (NYSE:ATI) is a company that I have historically always been bullish on. I wrote about it way back in 2017 before the stock went on a large run after successfully completing its transition
Allegheny Technologies: Long Time Horizon Required
Summary
- Debt from 2020 will linger for near to mid term.
- Future growth is still uncertain.
- The stock is well off its highest level and this could present an opportunity.
Mechanical Engineer that likes to write about stocks in my spare time! Fundamental analysis mainly with a focus on industrial companies. I have also been active in crpto markets for a few years. Hope you enjoy!
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ATI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.