PKM1
Investment Thesis
I wanted to take a look at United States Steel Corporation's (NYSE:X) financials over the last decade and how it performed and give some comments on the outlook of the company. Even with beaten-down estimates, the company
United States Steel Corporation: Not Buying So Close To The Top
Summary
- United States Steel Corporation's financials show it is still cheap despite beaten-down estimates, but the company's share price fluctuations make it a risky time to invest.
- The company's debt is manageable, with an interest coverage ratio of 16x, and it has a strong current ratio and no liquidity problems.
- The steel industry's profitability and efficiency metrics fluctuate with economic conditions, but when the company is profitable, these metrics are above average.
MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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.
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