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United States Steel Corp. |
Massive support for steel. As long as there is war and construction,
commodities and specialy steel will keep going up. There is one thing
I like most about commodities vs. equities: Berkshire and Microsoft
shares may go bankrupt and cut in half or even worthless BUT (and
thats a big BUT); Steel an Gold cannot go bankrupt!
> # valuation overall is low
> # strong fundamentals, can use extra cash for share buy backs, low
> risk, etc
> # high chances for consolidation
> # rising steel prices
> # lower imports and lower inventories will drive earnings higher from
> here on