Stock price when the opinion was issued
Has outlasted all its steel peers over time. Superior balance sheet and has raised its dividend for 50 years. Trades at only 5x trailing earnings. However, the street predicts EPS to fall by half between 2022's peak and this year, and even lower in 2024. His take: if we avoid recession, shares will soar. Also, Nucor will supply most of the steel needed during the coming wave of infrastructure spending, driven by the IRA act. A long-term investment.