> There are lots of reasons to like Allegheny Technologies, Inc. (ATI).
> Here are some:
>        Trading at its lowest LOW since Feb. 06;
>        Volume suggests an increase in buyers at this price;
>        Steadily improving dividend (yield at $46/sh = 1.57%);
>        P/E = 6.85;
>        LT Debt / Equity = 0.22;
>        PEG = 0.40 vs Industry = 0.84 and S&P 500 = 1.34;
>        Of 11 analysts, only 3 rate it a Strong Buy , leaving lots of
> opportunities for upgrades;
>        S&P rates it 5 stars (Strong Buy) with a 08/09 target of $80, below
> the 5/16/08 close, but 74% above current price ($46.00) based on an
> historic low P/E and a discount to peers;
>        Consolidation in stainless steel has ATI rumored as an acquisition
> target or better pricing discipline;
>        ATI participates in a Chinese joint venture, Shanghai STAL Precision
> Stainless Steel Ltd.
>        PoweRatings Stock Charts indicates 6 , 65% below the 200 MA, below
> 2 8 signals (= Buy ) earlier this year;
>        Shareholder Equity up 542% since 12/04; and
>        Cash Flow positive for the last 3 years.

> Here are some of the negatives:
>        Cash this year is down 50%;
>        Receivables as % of sales are steady, but inventories are up 24%
> relative to sales (indicating shrinking market demand);
>        There has been margin deterioration in ATI s largest segment (flat
> rolled products).

> Watch Boeing s order book and buy under $50 if the economy signals a
> bottom.