NYSE:PKX

50.47
1.74 (3.57%)
POSCO is a multinational steel-making company headquartered in Pohang, South Korea. It had an output of 42 million tonnes of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure.
More at Wikipedia

Analysis and Opinions about PKX-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 15, 2013

Korean steel company. World-class facility. Stock is off 15% over the last year. This is a warrant on your view of what global economic growth is going to be, what Chinese industrial demand is going to be and, therefore, incredibly volatile. Looks cheap but the question is, are the earnings sustainable. Steel stocks are cyclicals and you buy them when they look dreadful and sell them when everything looks wonderful. At the moment they look okay, but sentiment is turning and you don’t want to be there at the moment.

Posco (PKX-N)
April 15, 2013

Korean steel company. World-class facility. Stock is off 15% over the last year. This is a warrant on your view of what global economic growth is going to be, what Chinese industrial demand is going to be and, therefore, incredibly volatile. Looks cheap but the question is, are the earnings sustainable. Steel stocks are cyclicals and you buy them when they look dreadful and sell them when everything looks wonderful. At the moment they look okay, but sentiment is turning and you don’t want to be there at the moment.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$69.620
Owned
Unknown
COMMENT
COMMENT
August 1, 2012

Great case of a fantastic company where the time is not right. It is the best steel company globally. Highest returns, highest profits, great customer base, good expansion in both India and especially Indonesia. Doesn't own it because there is significant global overcapacity. If you can stomach medium-term volatility over the next year or 2 and you have a five-year time horizon, it will serve you very well.

Posco (PKX-N)
August 1, 2012

Great case of a fantastic company where the time is not right. It is the best steel company globally. Highest returns, highest profits, great customer base, good expansion in both India and especially Indonesia. Doesn't own it because there is significant global overcapacity. If you can stomach medium-term volatility over the next year or 2 and you have a five-year time horizon, it will serve you very well.

Charles Lannon
Director of Research, Toron Investment Management
Price
$80.930
Owned
No
HOLD
HOLD
July 9, 2012
This is a “Risk-On” security. If you look at the South Korean index, this is their bellwether cyclical stock in the SK benchmark. Widely owned institutionally and retail and there is a lot of money inflow/outflow into the stock. If you like steel, Buy South African’s Kumba Iron Ore (KIROY-N), which gives you a 9% yield.
Posco (PKX-N)
July 9, 2012
This is a “Risk-On” security. If you look at the South Korean index, this is their bellwether cyclical stock in the SK benchmark. Widely owned institutionally and retail and there is a lot of money inflow/outflow into the stock. If you like steel, Buy South African’s Kumba Iron Ore (KIROY-N), which gives you a 9% yield.
Srikanth Iyer
Sr Portfolio Manager & Head of Global Investments, Guardian Capital
Price
$81.390
Owned
Unknown
BUY
BUY
January 6, 2011
Very popular emerging market stock. High degree of vertical integration (cheap access to coal and iron ore). Had a great run due to Chinese demand.
Posco (PKX-N)
January 6, 2011
Very popular emerging market stock. High degree of vertical integration (cheap access to coal and iron ore). Had a great run due to Chinese demand.
Charles Lannon
Director of Research, Toron Investment Management
Price
$111.810
Owned
Unknown
DON'T BUY
DON'T BUY
March 18, 2008
Not a buyer of steel stocks right now.
Posco (PKX-N)
March 18, 2008
Not a buyer of steel stocks right now.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$115.490
Owned
Unknown
BUY
BUY
August 16, 2005
Many believe it is the premier steel company in the world. Have been benefiting from the big demand in new ships. Korean auto companies are also doing very well. Produce a very high quality steel. Even the Chinese are buying from them because they want the high end steel. Stock is fairly cheap.
Posco (PKX-N)
August 16, 2005
Many believe it is the premier steel company in the world. Have been benefiting from the big demand in new ships. Korean auto companies are also doing very well. Produce a very high quality steel. Even the Chinese are buying from them because they want the high end steel. Stock is fairly cheap.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$53.170
Owned
No
DON'T BUY
DON'T BUY
July 25, 2005
Has had a heck of a run, pretty well doublng over the last 24 months. One of the lowest cost producers of steel in the world. Well managed and very up to date on the technology for steel production. Starting to see some competition coming in. Watching closely with the possibility of lightening up his position.
Posco (PKX-N)
July 25, 2005
Has had a heck of a run, pretty well doublng over the last 24 months. One of the lowest cost producers of steel in the world. Well managed and very up to date on the technology for steel production. Starting to see some competition coming in. Watching closely with the possibility of lightening up his position.
Don Reed
President and Chief Executive Officer, Franklin Templeton Investments
Price
$49.390
Owned
Yes
DON'T BUY
DON'T BUY
April 12, 2005
A steel company operating out of South Korea. One of the cheapest steel producers in the world. They are benefiting by all the infrastructure plays that are going on right now. The price has moved up very smartly so be a little cautious at these levels.
Posco (PKX-N)
April 12, 2005
A steel company operating out of South Korea. One of the cheapest steel producers in the world. They are benefiting by all the infrastructure plays that are going on right now. The price has moved up very smartly so be a little cautious at these levels.
Don Reed
President and Chief Executive Officer, Franklin Templeton Investments
Price
$49.000
Owned
Unknown
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