2020 Covid-19 Recession

[fenders53]

(04-23-2020, 08:36 AM)Otter Wrote:

(04-23-2020, 06:24 AM)crimsonghost747 Wrote: I'm not familiar with NUE but I did a 5 minute research and it does look cheap. But I also see that the stock price has been in a downward trajectory for over 2 years now, any reason for that?

Steel price has been in a downward trend for two years. Highly cyclical business. 

You will find very few dividend aristocrats in the basic materials sector. The low margins and boom/bust nature of the industry results in few companies that can navigate the cycles successfully and continue to pay increasing returns to their shareholders. NUE and SON are the only two that I can think of, off the top of my head.

It's an amazing feat that XOM and CVX have also pulled it off in the energy sector.  Even a ten year run of Div raises is an accomplishment.