Opinions
Colin Stewart
AK Steel Holding
AKS-N
DON'T BUY
Feb 05, 2019
Unpredictable and cyclical industry. He avoids steel. We're late in the cycle so it's dangerous. He prefers Stelco for its cleaner balance sheet.
$3.160
Stock price when the opinion was issued
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COMMENT
They raised money last fall at $9-10 and it popped. They are affected by Steel prices. 50% is auto. He likes the company. There is a trade case to put tariffs on imported steel which should benefit them as steel prices are lower coming from China based on the stronger US dollar. These tariffs should benefit them. A good risk reward ratio.
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