2020 Covid-19 Recession

[fenders53]

(04-23-2020, 09:37 AM)crimsonghost747 Wrote:

(04-23-2020, 08:36 AM)Otter Wrote: Steel price has been in a downward trend for two years. Highly cyclical business. 

Somehow their EPS seems to have an OK trajectory though. And that is an "meh, ok" not an "OKAY!". But still pretty decent looking earnings, at least on paper, during the past two years. I'm guessing there was some sort of a one-time fluke in 2018 though with the EPS being that high.

But yeah, this might be a company that I will be keeping my eye on if we can get a red day or two instead of the indexes going up a couple percentages daily.

It's kind of like this.  The industry is very tough.  When the storm clouds roll in they find a way to raise the dividend.  Meanwhile their competition is trying to sell office furniture in the empty parking lot after they lay off half their employees.    That's not much of an exaggeration.  Most of the once strong US steel producers are gone or in trouble most of the past few decades.