So if you always wanted to be like Andrew Carnegie or J.P. Morgan and wanted to own U.S. Steel, now is your chance. After years of slumbering and having foreign countries dumping steel in their markets, United States Steel Corporation, Symbol X, $19.66, now seems to be able to compete on a leveler playing field in their business again.
Many of the "Value guys" have owned this stock and lost patience and moved on, including David Einhorn and Leon Cooperman. Currently David Tepper and Joel Greenblatt hold some positions in the stock. David Tepper is very familiar with this area in Western PA with his college Alma mater located there.
The company currently offers a Return on Equity of 29.40%.
The PEG Ratio on the stock is currently 0.24
The Price to Cash flow is 3.39
The price to Sales is 0.24.
If you were looking at these numbers without knowing the name or business of this company you would be jumping in quickly.
Sales Quarter over Quarter up 17.80 %
am I starting to get your attention??
The earnings will be dropping from a spike up year last year with the tariffs helping them out and the tax breaks. But they, (X), is still sporting a Forward PE of 7.89.
I think there is a lot of headroom in this stock and if a favorable trade deal comes through there could be better times ahead.
So be like Andrew Carnegie and own US Steel! Remember when Carnegie had that elephant walk across the new steel bridge to prove that it wouldn't collapse?
Here are some of Andrew's old shares.
Have a great St. Patty's Day!
Freewilly
