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Union Of Fundamentalist Stock Pickers Forum > US Steel

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Oracle of Ohio

Member since: Mar 09
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Oracle of Ohio Brokerage Account
Posted March 13, 2009 (04:36PM)
US Steel (X) seems like a bargain right now. Is it worth picking up or is the company's future outlook too bad? Cap and trade might be a concern for them. With a P/E ration around 1 it's very tempting.
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andrew

Member since: Nov 08
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Posted March 14, 2009 (12:29AM)
MAYBE FOR THE LONG TERM. IF THE ECOMONY EVER IMPROVES X IS A BARGAN RIGHT NOW.    I DONT SEE HOW IT CAN GO MUCH LOWER BUT IVE HEARD THEY HAVE PENSION PROBLEMS. IF THEY HAVE  GO BANKRUPT THE STOCK COULD GO TO 0. I OWN NUE IT SEEMS SAFER IT WAS TRADING IN THE 40S  OR SO RANGE. I WAS HOPING  AFTER I BOUGHT IT ABOUT 35 IT WOULD GO HIGHER BUT IT SEEM TO STAND STILL.     PS IN AN  AMATEUR  INVESTOR HAVE LOST ABOUT 25% LAST YEAR