United States Steel Corporation (X)

[tootalljones]

Looks like Steel HRC has hit its much awaited bottom. X to the moon....a ridiculous PE and all that tech PE used to PEs or 35 or 45 or 65 or 85 is now looking for a home. How about 1.8 PE? A 7B market cap, sitting on 4B in cash and deploying 750 million now buying its own stock, retiring 10% or as much as 15% perhaps. You know they have been buying like crazy. Earnings this year will be steller or you might say, "stealer" because they have locked in contract prices for their sales at prices far higher than currently, up to 55% higher prices, and up to 40% of X's total annual sales for this year. Incredible. We are probably now art this point in time about net debt positive also, i forgot to add that.

[tootalljones]

wanna bet? ..

168.30 total shares, one day 415K gain.

here is just one account:
Filled Buy 437 X Limit 25.23 -- -- 09:56:49 02/25/22


Filled Buy 464 X Limit 25.23 -- -- 09:56:49 02/25/22


Filled Buy 99 X Limit 25.23 -- -- 09:56:48 02/25/22



Filled Buy 100 X Limit 25.32 -- -- 09:54:54 02/25/22


Filled Buy 600 X Limit 25.32 -- -- 09:54:54 02/25/22


Filled Buy 87 X Limit 25.32 -- -- 09:54:54 02/25/22


Filled Buy 13 X Limit 25.32 -- -- 09:54:54 02/25/22


Filled Buy 200 X Limit 25.32 -- -- 09:54:54 02/25/22



Filled Buy 11 X Limit 24.60 -- -- 09:35:37 02/25/22


Filled Buy 11 X Limit 24.60 -- -- 09:35:37 02/25/22


Filled Buy 11 X Limit 24.60 -- -- 09:35:37 02/25/22


Filled Buy 64 X Limit 24.60 -- -- 09:35:37 02/25/22


Filled Buy 300 X Limit 24.60 -- -- 09:35:40 02/25/22


Filled Buy 3 X Limit 24.60 -- -- 09:35:36 02/25/22


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Filled Buy 1 X Limit 24.60 -- -- 09:35:40 02/25/22


Filled Buy 100 X Limit 24.60 -- -- 09:35:40 02/25/22



Filled Buy 3500 X Limit 24.30 -- -- 15:52:20 02/24/22



Filled Buy 1000 X Market 23.605 -- -- 13:53:11 02/24/22



Filled Buy 100 X Limit 23.64 -- -- 13:52:14 02/24/22


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Filled Buy 2000 X Limit 23.36 -- -- 12:20:28 02/24/22


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Filled Buy 9000 X Limit 23.36 -- -- 12:20:28 02/24/22



Filled Buy 684 X Limit 23.29 -- -- 12:15:34 02/24/22


Filled Buy 100 X Limit 23.285 -- -- 12:15:19 02/24/22


Filled Buy 700 X Limit 23.29 -- -- 12:15:34 02/24/22


Filled Buy 100 X Limit 23.29 -- -- 12:15:19 02/24/22


Filled Buy 100 X Limit 23.29 -- -- 12:15:19 02/24/22


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Filled Buy 237 X Limit 23.29 -- -- 12:15:34 02/24/22


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Filled Buy 12 X Limit 23.29 -- -- 12:15:34 02/24/22


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Filled Buy 100 X Limit 23.29 -- -- 12:15:19 02/24/22


Filled Buy 8 X Limit 23.29 -- -- 12:15:46 02/24/22


Filled Buy 1 X Limit 23.29 -- -- 12:15:46 02/24/22


Filled Buy 97 X Limit 23.29 -- -- 12:15:44 02/24/22


Filled Buy 100 X Limit 23.29 -- -- 12:15:19 02/24/22


Filled Buy 200 X Limit 23.29 -- -- 12:15:19 02/24/22


Filled Buy 70 X Limit 23.29 -- -- 12:15:46 02/24/22


Filled Buy 12 X Limit 23.29 -- -- 12:15:44 02/24/22


Filled Buy 358 X Limit 23.29 -- -- 12:15:44 02/24/22


Filled Buy 1500 X Limit 23.29 -- -- 12:15:44 02/24/22


Filled Buy 100 X Limit 23.29 -- -- 12:15:44 02/24/22


Filled Buy 79 X Limit 23.29 -- -- 12:15:34 02/24/22


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Filled Buy 380 X Limit 23.29 -- -- 12:15:34 02/24/22


Filled Buy 2683 X Limit 23.29 -- -- 12:15:56 02/24/22


Filled Buy 12 X Limit 23.29 -- -- 12:15:34 02/24/22


Filled Buy 10 X Limit 23.29 -- -- 12:15:37 02/24/22



Filled Buy 152 X Limit 23.33 -- -- 12:13:37 02/24/22


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Filled Buy 74 X Limit 23.33 -- -- 12:13:38 02/24/22


Filled Buy 1500 X Limit 23.33 -- -- 12:13:37 02/24/22


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Filled Buy 193 X Limit 23.33 -- -- 12:13:37 02/24/22


Filled Buy 450 X Limit 23.33 -- -- 12:13:37 02/24/22


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Filled Buy 3051 X Limit 23.33 -- -- 12:13:38 02/24/22


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Filled Buy 438 X Limit 23.33 -- -- 12:13:38 02/24/22


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Filled Buy 89 X Limit 23.33 -- -- 12:13:34 02/24/22


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Filled Buy 100 X Limit 23.33 -- -- 12:13:29 02/24/22


Filled Buy 121 X Limit 23.33 -- -- 12:13:38 02/24/22


Filled Buy 100 X Limit 23.33 -- -- 12:13:29 02/24/22


Filled Buy 16 X Limit 23.33 -- -- 12:13:38 02/24/22


Filled Buy 100 X Limit 23.33 -- -- 12:13:29 02/24/22


Filled Buy 38 X Limit 23.33 -- -- 12:13:38 02/24/22


Filled Buy 183 X Limit 23.33 -- -- 12:13:38 02/24/22


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Filled Buy 75 X Limit 23.33 -- -- 12:13:38 02/24/22


Filled Buy 371 X Limit 23.33 -- -- 12:13:38 02/24/22



Filled Buy 2200 X Limit 23.39 -- -- 12:09:44 02/24/22


Filled Buy 12800 X Limit 23.39 -- -- 12:09:44 02/24/22



Filled Buy 18000 X Market 23.40 -- -- 12:07:46 02/24/22



Filled Buy 100 X Limit 23.445 -- -- 12:06:18 02/24/22


Filled Buy 100 X Limit 23.445 -- -- 12:06:18 02/24/22


Filled Buy 100 X Limit 23.445 -- -- 12:06:18 02/24/22


Filled Buy 100 X Limit 23.445 -- -- 12:06:18 02/24/22


Filled Buy 9200 X Limit 23.45 -- -- 12:06:18 02/24/22


Filled Buy 5400 X Limit 23.45 -- -- 12:06:18 02/24/22



Filled Buy 19000 X Limit 23.4799 -- -- 12:05:07 02/24/22



Filled Buy 9000 X Market 23.3999 -- -- 12:02:25 02/24/22



Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 400 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 200 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 8 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.4399 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.4399 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 5572 X Market 23.44 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.4399 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.439 -- -- 12:01:42 02/24/22


Filled Buy 420 X Market 23.4399 -- -- 12:01:42 02/24/22


Filled Buy 100 X Market 23.435 -- -- 12:01:42 02/24/22



Filled Buy 4797 X Market 23.4591 -- -- 12:01:11 02/24/22


Filled Buy 203 X Market 23.4591 -- -- 12:01:11 02/24/22



Filled Buy 200 X Market 23.475 -- -- 11:59:54 02/24/22


Filled Buy 5100 X Market 23.48 -- -- 11:59:54 02/24/22


Filled Buy 4500 X Market 23.48 -- -- 11:59:54 02/24/22


Filled Buy 100 X Market 23.475 -- -- 11:59:54 02/24/22


Filled Buy 100 X Market 23.475 -- -- 11:59:54 02/24/22



Filled Buy 600 X Limit 23.40 -- -- 11:55:04 02/24/22


Filled Buy 349 X Limit 23.40 -- -- 11:55:04 02/24/22


Filled Buy 500 X Limit 23.40 -- -- 11:55:03 02/24/22


Filled Buy 8000 X Limit 23.40 -- -- 11:55:04 02/24/22


Filled Buy 474 X Limit 23.40 -- -- 11:55:04 02/24/22


Filled Buy 77 X Limit 23.40 -- -- 11:55:04 02/24/22

[tootalljones]

[Saving Grace]

Bull Shit, I seriously doubt there's any truth in that.

[tootalljones]

i think we are in for a heckuva bear market rally now.

[tootalljones]

sold my gold stock yesterday morning, AEM, so thrilled I did, bought over 4 million in X to end the day level, this a.m. on the open i added another 450 grand.........glad I did.

[Saving Grace]

Did Stelco and it's CEO Kestenbaum with publisher Seeking Alpha, retract their slimy BS article yet?

It seems to me that being a subsidiary of U.S Steel X, an entire investigation should occur with the whole bunch. If Muddy Waters is going to go down, why not take all the crooks down.

[Saving Grace]

2022 Steel Outlook: Growing Demand & Higher Prices

Steel is always a hot commodity in the global market, but the demand for steel has increased by record amounts over the past two years, and shortages are causing market issues. Many buyers have expressed their concern about having enough steel for production needs in 2022.

The current shortages are due to supply chain issues that have impacted steel inventory, increasing demand. As a result of the spread of COVID-19 over the past two years, mill outages and transportation blockages have also led to a steel shortage.

Growth Projections
The World Steel Association (WSA) reports a projected 2.2 percent growth in the demand for steel in 2022, so demand will continue to increase. In 2021, the growth in demand increased by 4.5 percent, up from just 0.1 percent in 2020.

Automobile and appliance manufacturers are the driving force behind the increased demand for steel, and a shortage of some components is still hurting the recovery.

There have been clear signs of deceleration in the steel-heavy sector’s activity in China, leading to a steel demand contraction of 13.3 percent in July and 18.3 percent in August.

This quick deceleration is partially due to minor factors like small infection outbreaks and adverse weather conditions. However, there are other significant influences, like the slowing down of the real estate sector and the Chinese government’s cap on steel production.

Unrelenting Demand
The backlogged demand for steel has also led to strong manufacturing activity, which has helped the steel market. Developed countries worldwide have outperformed the WSA’s expectations due to the high number of vaccinated individuals and government support.

However, while the manufacturing side has been doing well, supply chain shortages are still disrupting the global steel market and are preventing a strong recovery in 2022. Due to the backlogged steel orders, the demand will remain high through the next year.

Because of the demand for the limited inventory available, steel prices will continue to go up in 2022. The U.S. steel industry is currently valued at $180 billion and began to boom last year thanks to the disruptions caused by COVID-19.

The mill shutdowns caused shortages, but they also gave steelmakers time to bring new plants into service and negotiate higher prices for returning customers.

Increased business and consumer spending habits have driven up the demand for steel-bearing products, which are needed for everything from recreational vehicles to food cans. Buyers are willing to pay more for these products and will continue to pay increased prices throughout 2022.

As government support continues in developed countries and vaccination rates increase, the steel market will continue to recover, but demand will remain high throughout the next year, and even as strong production continues, it will take time to bounce back from all of the backlogged orders.


I have forwarded articles like this to the SEC for conducting an investigation into the activities of Stelco and it's CEO Kestenbaum.

Quote:
Kestenbaum was the first steel CEO to publicly sound the alarm two weeks ago when he warned investors that his company’s steel shipments are taking a hit as the rapid spread of omicron accelerates absenteeism internally and even more among customers’ work crews.


The fact is Kestenbaum was the ONLY CEO to comment and publish such nonsense resulting in a drop in market value across the board.

The Canadian producer fell 6.3% in Toronto, while Nucor Corp., U.S. Steel Corp., Cleveland-Cliffs Inc. and Steel Dynamics Inc. erased gains for the day. An index of 14 steel companies dropped 3.5% and is on pace for the biggest weekly decline since June.

I believe Stelco and it's CEO Kestenbaum with publisher Seeking Alpha, should be held accountable for Kestenbaum's purposeful comments to manipulate the market and be held responsible for the difference in share price for each company affected. (All Steel Companies) Is it a coincidence that just after Kestenbaum's falsified article, published by "Seeking Alpha" was just days before US Steel announced a share buy back of 500 million USD? The article above from Federal Steel Supply was published just 2 months ago where Kestenbaum, Stelco and Seeking Alpha, absolutely knew better than to manipulate the market so Parent company US Steel could buy back shares for less. This was a sneaky move by US Steel Et Al and I aim to make sure they pay for their mistake.

Kestenbaum was the first steel CEO to publicly sound the alarm two weeks ago when he warned investors that his company’s steel shipments are taking a hit as the rapid spread of omicron accelerates absenteeism internally and even more among customers’ work crews.

Shares of Stelco fell alongside the major U.S. steelmakers following Kestenbaum’s comments. The Canadian producer fell 6.3% in Toronto, while Nucor Corp., U.S. Steel Corp., Cleveland-Cliffs Inc. and Steel Dynamics Inc. erased gains for the day. An index of 14 steel companies dropped 3.5% and is on pace for the biggest weekly decline since June.

https://www.fedsteel.com/our-blog/2022-steel-outlook-growing-demand-higher-prices/

Quote:
Kestenbaum is a liar and should be held accountable with publisher Seeking Alpha for the stunt they pulled off to drop the steel market so U.S. Steel could buy back $500,000,000 in shares.

[Saving Grace]

FBI+Raids and Subpoenas Have Been Occurring on Wall-Street. What’s Up?

By Pam Martens and Russ Martens: February 17, 2022 ~

Yesterday, the Wall Street Journal dropped the bombshell that the Justice Department has been conducting raids on prominent short-sellers, including Muddy Waters’ Carson Block and Andrew Left of Citron Research. The Journal reported that the Justice Department “has seized hardware, trading records and private communications….”

Reuters reported yesterday that the Justice Department’s probe is “part of a wide-ranging investigation into short-sellers and hedge funds focused on suspected coordinated manipulative trading, according to two people familiar with the matter.” Reuters also reported that “dozens” of subpoenas have been issued to various firms since early last year.

Of particular interest to Wall Street On Parade was a report on December 10 by Reuters which indicated that trading activity in the shares of GSX Techedu was in the cross hairs of the Justice Department because both Muddy Waters and Citron Research had circulated negative research on the company.

If GSX Techedu, a Chinese online tutoring firm, is being probed, we can assure you that more than short-sellers need to be under investigation by the Justice Department. (The company has changed its name to Gaotu Techedu.)

GSX Techedu was one of the stocks that had been purchased in huge quantities by Archegos Capital Management before Archegos blew itself up in March of last year. Archegos was using tricked-up derivative contracts provided by major Wall Street firms that allowed it to hide its ownership interests in various stocks and obtain massive amounts of margin loans provided by the same Wall Street firms. (See our report: Archegos: Wall Street Was Effectively Giving 85 Percent Margin Loans on Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own Margin Rules.)

When we checked 13F filings with the SEC that were dated prior to the Archegos blowup to find out who might have been fronting for Archegos’ position in GSX Techedu, we found the following: Goldman Sachs held over 20 million shares of GSX Techedu with a put option on just 3.45 million shares; Morgan Stanley held over 14 million shares; UBS held more than 11 million shares; Bank of America held more than 5.8 million shares; Citigroup, over 4.8 million shares; and JPMorgan Chase, over 4 million shares.

The market value for all six megabanks’ holdings in GSX Techedu was more than $3 billion as of December 31, 2020.

What was completely insane about these sophisticated Wall Street banks holding such a sizeable position in GSX Techedu as of December 31, 2020 was that on April 14, 2020 Citron Research had published a 34-page report calling the company “The Most Blatant Chinese Stock Fraud since 2011.” On May 18, 2020 Muddy Waters had released a 25-page detailed report on GSX Techedu which sized up the company as follows:

“We are short GSX because we conclude that it is a near-total fraud.

“We conclude that at least ~70% of its users are fake, and we think it’s quite likely that at least ~80% of its users are fake.”

Both reports offered compelling evidence for their charges of fraud.

But after the detailed reports of a fraudulent operation were published, instead of the share price collapsing, it actually soared from about $30 a share to over $100. That doesn’t sound like manipulation by short-sellers who should be under investigation.

The share price of GSX Techedu did crash when Archegos blew up in late March 2021, because Wall Street firms had to liquidate all of the stock positions they had leveraged up on behalf of Archegos. Under its new name, Gaotu Techedu, the company’s share price closed at $2.47 yesterday. It has traded in a range of $1.55 to $2.50 since December.

The draft registration statement filed with the SEC for the listing of GSX Techedu’s American Depository Receipts (ADRs) on the New York Stock Exchange lists the following Wall Street firms as the underwriters: Credit Suisse, Goldman Sachs (Asia), Bank of America Securities and Deutsche Bank Securities.

This raises the question, if GSX Techedu was, indeed, a fraud at the time Citron Research and Muddy Waters published their reports, why didn’t these megabanks on Wall Street catch it when they did their due diligence as underwriters? If the company was not a fraud, why have Muddy Waters and Citron Research not been forced to retract their published reports, which remain online for anybody to read?

We will be watching this investigation closely.


https://wallstreetonparade.com/2022/02/fbi-raids-and-subpoenas-have-been-occurring-on-wall-street-whats-up/

[Saving Grace]

Shorter/Hedge-Fund, Muddy Waters, Computers, software/Messages seized and under investigation for fraud, under the Rico Act meaning tyranny and max sentence of death by hanging.

Muddy Waters founder Carson Block was reportedly served with a search warrant as Justice Department investigates illegal trading tactics by short-sellers

Quote:
Short-seller Carson Block of Muddy Waters was reportedly served a search warrant in October, according to The Wall Street Journal.

The warrant is related to the Department of Justice's investigation into illegal trading activity.

The Justice Department has seized hardware, trading records, and private messages, according to the report.

Short-seller Carson Block of Muddy Waters was served a search warrant in October by the FBI, according to a report from the The Wall Street Journal.

The warrant is related to an ongoing probe by the Department of Justice related to illegal trading activity by short sellers. Specifically, the Justice Department is looking into whether short-sellers conspired together to drive down stock prices by sharing critical research reports ahead of time, the report said, citing people familiar with the matter.

Insider reached out to Block for comment but did not yet receive a response in time for publication of this article.

The Justice Department has seized hardware, trading records, and private messages and is focused on the act of "spoofing" and "scalping," two tactics that could lead to big gains for traders. Spoofing is an illegal practice banned in 2010 in which a trader floods the market with fake orders in an effort to influence a stock price, while scalping is related to activist short-sellers selling out of their position for profits without disclosing it.

Short-sellers are an unloved group of market participants that get a lot of blowback from the companies they target and the investors of those companies. Some see their tactics as predatory, as they have the power to move a stock price that they might have a position in on the release of a critical report. Critics say these reports use misleading information that doesn't give a complete picture of the situation at hand.

But short-sellers play an important role in the market as some have a proven track record of identifying and exposing fraudulent companies that sometimes go bankrupt. Such fraudulent companies that were the target of short-seller research included Enron, Sino-Forest, and Wirecard AG, among others.

Block himself published research on Sino-Forest that exposed the company and was briefly short shares of Wirecard, which went bankrupt and wiped out $14 billion in market value in 2020 due to fraud.

Andrew Left of Citron Research is another prominent former short-seller that has also been roped into the investigation as federal agents took computers belonging to him, according to Bloomberg News. Left gave up on short-selling last year after the meme-stock mania led to a number of high-profile short squeezes.

All-in, the investigation by the Justice Department has so far ensnared nearly 30 investment and research firms that engage in short-selling. No one has been accused of wrongdoing and the investigation can lead to no charges being brought.

https://markets.businessinsider.com/news/stocks/carson-block-served-search-warrant-short-seller-investigation-illegal-trading-2022-2

[tootalljones]

I cannot see how X does not run to almost 30 and new highs between now and they report Q1 earnings....They will earn a billion bucks or so this quarter, probably more, they are buying back also 750 million in stock. The PE now is 1.6. They will be net debt positive very soon. They have a 6 billion market cap. They have almost 40 percent of their income this year fixed at far higher prices. Demand is roaring, inflation is roaring, and both are here to stay.

I can honestly see them having a share price in 2 years of 70 bucks and be spinning out major dividends. Remember they are dramatically reducing shares outstanding right now. If they are earning net 1.5 billion in 2 years, that is over 4 bucks in dividends per share. This stock is gonna go crazy.

[tootalljones]

x is juggernaut going forward from here

[tootalljones]

sold all my X yesterday, mid day, as she started to pullback, all 140K shares, and bought GDX this a.m......loaded the boat beyond marginability.....ha....gonna buy annother 10K tomorrow in another account if she pulls back a tad.

[tootalljones]

Another day in paradise. So Boring. -Question: does anybody seriously believe that X does not deserve at least a 5 PE at the current time? Making billions, a pristine balance sheet, just broke ground a day ago on its newest state of the art mini mill?.....A PE of 5 puts this stock around 65 bucks, give or take....The 40 million shorts must get out, providing us with a nice appetizer.

[tootalljones]

X has a PE of 1.56. For it to double, a no brainer. Question: how are the 40 million shorts gonna not lose 100% on their investment? Answer: they must cover.

Short squeezes are rare. I have seen many, never been in one. VW had a squeeze where the stock went from 14 to 100 in about 6 months....

What if X were to become a MEME stock....jumping 15 to 35 bucks per day or more?

Holy Moly!

[tootalljones]

Hold on tight fellas, we are into a monster stock...I am saying a double pretty much by year end...40 to 45 bucks is my prediction, and a year end PE of 1.75....currently it is around 1.6 or so (or was). And another double in 2023.....Remember we are buying 800 million worth of stock and have been without any doubt the last several weeks, providing support, removing huge chunks of shares forever.

[tootalljones]

The notion of a major American company with a PE of 1.55, with what is now a TRANSFORMED BALANCE SHEET, which is also making 3.5 to 4.5 BILLION IN AFTER TAX PROFITS...IS HILARIOUS...The PE will be adjusted far higher....The business is getting better, not worse.

[tootalljones]

Rules to live by: People would rather be right than to know the truth about something. And in the stock market, people would rather lose their own money, than know the truth about something. Call it being bullheaded, stupid, whatever. I can tell others who are getting financially destroyed, to change their view of something, and the retail investor generally will sneer back and keep on losing with their loser ideas -- human nature being what it is.

X is gonna make so much money. I can see how this must play out.
We are just starting the end game this year, for the shorts, not that they matter all that much to a stock's future. They are like kindling, when they are wrong. Each quarter that goes by will show they are in so much trouble, as the billions and billions of cash monies roll in the door for X......

[tootalljones]

Today is Day 1, GROUND ZERO, of the X shorts commencing to be annihilated. This will be a long process as the share price climbs, but today the Levee Broke.

[tootalljones]

X should have a PE of 6, in stead of 1.6, the most ridiculous thing in the S and P....= share price of $80. Give it time, let the money come into the stock over time. It will.

[tootalljones]

Shareholders of x will be thrilled next earnings report when they learn how much the company bought at this ridiculous low price. Grab it all or somebody is gonna come in and take the company private.

[tootalljones]

as of several weeks ago, I believe X had 150 million or so left from the prior quarter's stock buyback authorization, plus they alotted another 650 MILLION more in funds (I think they should have alotted 1 billion, but what do I know)...So that is 800 billion dollars worth of stock they are now buying back, at this ridiculous price. If I were the CEO I would command my stock boys to grab 500 million dollars worth at 22 bucks a share....that is removing and retiring almost 23 million shares. Plus the company still has 300 million bucks to take out more if it goes lower. ..I would not mess around at this dirt cheap price and get uber greedy. Remember the company is still sitting on billions in cash, and will make another billion in this quarter in earnings.

I know I did my part today, getting another 16 or 17,000 shares when it went under 22 bucks
I am positive the company is grabbing hundreds of millions of dollars worth at this ridiculous price.

[tootalljones]

grabbed another 17K shares just below 22 on this morning's dip. It is so hard to time these things. Here's to swimming with bowl-legged women.

[livendi]

U smart. God bless and good luck

[tootalljones]

X vs. Aapl
I expect X to make this year as follows:
Q1: $4
Q2: $3
Q3: $3
Q4: $3

Total $13 per share, @ year end, (at this rate) PE of 1.70 to 1.75 Maximum and in part on account of ongoing tremendously cheap share buybacks. And I am not a big fan of share buybacks but it is absurd not to with X. Either buy back the debt, which is not due until 2029 at the earliest, or the shares, or dividends, and buying the shares at a 1.60 PE is a no brainer. It is financial negligence not to at the current share price.

X will be net debt positive around the end of Q1. X is currently sitting on around $3B in cash, and has a market cap of 5.96 billion.

vs.
they forecast Aapl to earn $6.15 this year, a PE of 28.05, a market cap of 2.8 trillion, (and spin off essentially no dividends)

The Comparison is ludicrous. I could pick any other tech stock, but Aapl is considered more secure and stable than the other giants like Tsla, which has a PE of 200, google, Wastebook, etc...In other words, it is the blue chip of them all, LOL....with absurd financials. People gonna leave these over time, a slow moving steady move from them, into the cash creating commmodity stocks.

X will be spinning off 10 bucks in dividends in a couple years from now....Per share. That plan is there, waiting for liftoff. O yea, one more thing, they have 3.9B in debt, but 80% of it is due in 2029 or beyond....They can take a chunk out of it, at any time they choose, and will be net debt positive in 2 months from now.

analysts Estimated for 2022:
AAPL:
EPS (FWD)
6.15
PE (FWD)
28.05
Div Rate (FWD)
$0.88
Yield (FWD)
0.51%
Short Interest
0.56%
Market Cap
$2.82T

[tootalljones]

on SA from poster "Mork747"..."Between $NUE, $X, and $CLF you're looking at a material portion of the market share. If they are all reporting near record earnings and guiding enthusiastically bullish for 2022, then the answer to the headline is a resounding YES! Still have doubts, go look at what the auto OEMs are saying ... guiding bullish for 2022. ...Still worried.... look at semiconductors rolling over as they are seeing a soft landing to the chip shortage..... still not convinced? Lets look at the Energy sector.... demand is ramping and expected to run to new highs as the reopen takes hold in the spring..... oil exploration will restart.... the steel pipe sales will start a new cycle upward. And finally, the commercial aviation and space industries are about to turn a corner in 2022 with major programs that will drive significant steel consumption over the next decade. All while these three companies have healthy balance sheets, FCFs, self funded capital investment projects, and aggressive stock buy back programs. Sure there will be threats and competition, but the odds of these three companies loosing money in 2022 are astronomical."

[tootalljones]

Kitco is a doom and gloom gold site and here is a fund manager on the prospects of a recession this year, he seems pretty sharp and it is hard to find people, even bears, saying we will see a recession this year....Sure it might get a little rocky, but the FED will just pour hundreds of billions into the market if need be. And all the while, the money will quietly look for a home, migrating out of tech into commodity stocks....with these insanely low PE's, where you recoup your investment not in 35 years but in a year and a half, like X.

The far greater prospect, the more likly prospect is that we stumble around and financial assets inflate along with commodities. This can go on for the next 2 or 3 years.

Bottom line is, the shorts are cooked and they will not cover their bets, that is the key thing. They will need to feel the pain. This can only occur as they loose real money. They will lose money on X and then reposition themselves at a higher price, and lose money once again as the price of X ascends this year. Rinse and Repeat. Very few people heed wisdom and most shorts are bullheaded. X has their number now...It may occur to them, in the fall or winter of this year, that they have made a bad bet, and this is when X is well past 30 bucks. The cash /x is making, its pristine balance sheet, the performance of the other steel companies where they are also short and also losing serious money, will kick them in the head. over time.
https://www.kitco.com/news/video/show/Market-Analysis/3835/2022-02-01/This-is-why-stocks-will-not-crash-this-year-says-BMOs-chief-investment-strategist#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis

[tootalljones]

btw, all u.s. steelmakers (and all commoditiy companies) will be making gobs of money; they are all mispriced. I just choose the one that is absurdly mispriced.

[tootalljones]

btw, all u.s. steelmakers (and all commoditiy companies) will be making gobs of money; they are all mispriced. I just choose the one that is absurdly mispriced.

[tootalljones]

btw, all u.s. steelmakers (and all commoditiy companies) will be making gobs of money; they are all mispriced. I just choose the one that is absurdly mispriced.

[livendi]

X and Ctra

[livendi]

U smart. Thanks. God bless and good luck

[tootalljones]

AAPL:
EPS (FWD)
6.15
PE (FWD)
28.05
Div Rate (FWD)
$0.88
Yield (FWD)
0.51%
Short Interest
0.56%
Market Cap
$2.82T

vs:
X:
EPS (FWD)
10.53
PE (FWD)
2.11
Div Rate (FWD)
$0.20
Yield (FWD)
0.90%
Short Interest
15.75%
Market Cap
$5.96B
______________________________
I rest my case. BTW, X will make way more WAY MORE THIS YEAR, THAN 10.53. It will make double of what Aaple maes...WHICH MEANS THE ESTIMATE FOR 2022 OF THE PE IS TOO HIGH. Which adds to the absurdity of these two investment competitors..
Aapl is over as an investment. It is now old. Tech is over. Tsla is over.
Commodities are here, finally, all the steel makers gonna go ballistic, and I can see a sort of Oligopoly of these few companies for America...a good thing for X....

[tootalljones]

livendi, I am almost never made money buying a fashionable stock. Perhaps I have bad luck. The people in these stocks are always promoting the heck out of them, and then I come along, while they are liquidating, lol...

If you take out the Big 5 of Tech, Aapl, msft, Facebook, google and tesla, the rest of this massive sector is down about 40% over the past year, so the people who have bought have been crushed and many others have given back so much, and the PEs are still absurdly overpriced and now we see the generals getting hit, like fB last week, down about 26% in one day....

Most of my healthy winners have been beaten down sectors in bear markets and then you just hold them and if the bear is over, their balance sheets are flush with cash and the skeptics pile in and there you are.

gold has been in a bear but will get like this for sure, but for the next couple months, I ain't fighting interest rate hike boogeyman who still scares the market. I am looking for a fast 35% rise here, to recent highs......patience.

here is a guy who is a tremendous stock picker, so many wins, and he will be reight once again with X. Wish I had followed some of his earlier calls, but I was impatient, and thinking, when is it gonna move, there must be something wrong!...(sort of what you are thinking with your comment, "there must be something wrong, why is it so low.."....No, with a bear market stock, people just pass on bye.....
This guy does not pass on by. He buys a 75 dollar sweater in the bin marked down inventory for 15 bucks and waits....
there is nothing wrong with the sweater, and the fall will soon be here.

https://seekingalpha.com/article/4481748-us-steel-a-breakout-stock-for-2022?v=1644076642#comment-91438497

[desert rat1]

US Steel is on a run to $180.00 just look back to 2008 when housing was over valued. So sit tight and enjoy the ride

[livendi]

i hope so bro,bought some last week based on what u said about the pe,why is it so low,God bless and good luck

[tootalljones]

in 3 years X will have 225 million outstanding shares, and will be making 5 billion net a year in this inflationary commodities bull...Where is that money goin?. Earning 20 bucks a share, ..Dividend of 12 - 15 bucks? What about the rest of the money....They still have tons to spare...PE of 7, what is that, a stock price of 140 bucks?

[tootalljones]

at current s/p X is buying back gobs of stock....Anything under 25 bucks is a steel! actually far higher

[tootalljones]

X has the most perfect emerging bull market stock posture. Hated, now with a tremendous balance sheet, made last year 75% of its own market cap in one year....the management knows the revenues with almost 40% at fixed prices much higher than the current 1200 steel market price,
1.5 PE...

Priced for a nuclear war, while the rich neighbors across the street in the tech world have been getting massacred for the past year....
and some of these knuckleheads will wise up and slowly, quietly start investing in companies that make a ton of money....and X is the primo candidate #1....

[tootalljones]

here is a link to steel price.https://www.marketwatch.com/investing/future/hrn00

Gotta tip handto the shorts who have been right.
Their historic position is

"who wants steel in the computer and internet and info and social media age?" All we need is stimulus checks and keyboards and social m edia accounts as a society, and FDA approved medications for our kids and ourselves!.. Who wants anything that has the name of U.S. on it in particular? PHouck the u.s. and steel and that dying empire. Short this to hades!..China will drive them all out of business, like they took over the solar industry, right?..Plus it is a cyclical business! Back to 8 bucks!...bankruptcy for the whole lot of the steel makers in America. China will sell so far below cost. Steel is like the coal industry, who needs it, we all just use plastics or polymers or hard plastic stuff, in stead of steel!
Everybody in california knows that steel as a product is toxic, dinosaur like and the people who own or work in steel companies are despicable. Short short and short them!"...

but there comes a time when the narrow minded are way out over their skis.

We are in a commodity bull now, not even the tech heads, government bureaucrats and wall street fin tech guys will deny it....

U.S. Steel had earnings last year that were as follows:
. X had ~4.1B in net income in 2021. AAPL had ~110B in net income.

X is a 5.5 billion dollar market cap stock, and apple is a trillion PLUS dollar stock....see any disparity?

X is continuing to make, this quarter 1 billion..and prices are stabilizing with steel at 1200 perhaps, not 1800 for sure, but they ain't ever going back to 600 bucks...and at these prices, X which now has a tremendous balance sheet, has superb management...

So these short punk kids, are in a heep of trouble. Their first play was China, not a pray in hades (or china)..the chinese are out of america,in fact they are themselves banning a ton of domestic steel production from their old toxic mills due to air pollution,so these are shuttered, plus they gotta pay us tarrifs and that is not gonna be rolled back, not with the DEMS sinking and joe sinking in polls like stones, and remember, the GOP thinks they are gonna take the midterms, so the chinese are double out........

so their only play is a recession........BUT X IS ALREADY PRICED FOR A RECESSION WHICH AIN'T HAPPENING...IT HAS A 1.5 PE.........The pathway here is surely up....a double by year end...a no brainer. Only the most doom and gloomers think there is a dire recession...Powell is gonna tinker with interest rates, but there are so many companies now making serious money with clean balance sheets like X.........
The stronger argument by far is that a small percentage of that 6 trillion in tech stock money, will move into the steel commodity companies, as it looks at the absurd PEs....it will rotate in...and there are a tiny few steel companies, all so woefully undervalued....That tech money will come looking for a home. If even 2% migrates to the steel makers, this stock will go up 2000%

[tootalljones]

got back in earlier today, made a ton, but all in all a stupid move to have sold yesterday.....The argument of the shorts here now against X has been boiled down to one thing: a recession. That is it...Ford's ceo said that industrial demand is off the charts, for his cars naturally, except for supply chain issues (semiconductors) but that he expects this problem to lessen considerably over the course of the year....

I cannot see China ever getting to sell much steel again in America...

So we have the major CEOs of the american steel companies saying they see a major bull market for steel makers. X has numerous catalysts and regardless, they know what they are looking at, which is almost 40% dof the contracts are fixed at high Steel prices...and eveen better, the price of steel is stabilizing it looks now at a very h igh price apporaoching 1200 bucks, which is amazing.

and X has a PE of 1.5.......if it doubles meaning the stock doubles, it should then double again to get to a 6 PE, and 8 to 9 is the right PE In a commodities bull market....

GLTA X owners, you guys gonna make a boatload this year..

[tootalljones]

sold 2 hours ago, 21.2...not happy about today's action; it is hard to own a great stock in a vastly overvalued market..

[tootalljones]

CFRA MAINTAINS BUY OPINION ON SHARES OF UNITED STATES STEEL
7:03 pm ET February 2, 2022 (CFRA) Print
Our 12-month target of $43 reflects an EV/EBITDA of 2.8x our '22 EBITDA estimate, a small premium to U.S. Steel's trailing-twelve-months average forward EV/EBITDA of 2.5x. We increase our '22 EPS estimate by $0.69 to $9.82 and initiate our '23 EPS forecast at $3.29. U.S. Steel posted Q4 adjusted EPS of $3.64 vs. a loss of $0.27, $0.61 below consensus; sales beat consensus by 5.1%. During Q4, free cash flow was over $1 billion and for the full year '21 was around $3.2 billion (FCF Yield of 55%). We expect free cash flow to be around $1.3 billion (22% FCF Yield) in '22, even with a capital budget more than twice the size of '21, $2.0 billion in '22 vs. $863 million spent in '21. While we note the ongoing headwind from steel prices declining from record highs, we think this is fully baked into X's valuation. CFRA thinks the outlook for steel demand remains bullish, on pent-up automotive and construction demand. The balance sheet is very strong, and steel spot price indices remain twice historical averages.

[tootalljones]

Patience is all that is needed for X to double this year....best strategy is to throw your computer into the back yard, grab 10 grand and go to an island for a month or two........then come back, grabe another ten and do the same thing....you will make more money doing things that way than trying to finagle and trade.

[tootalljones]

why isn't X at 35 right now? The PE would be about 2.8! Far too high, haha...the money which is just starting to roll into commodities will find its way to X. Last year X made 1/4th the net earnings of Apple, and Aapl was valued at way over a trillion dollars, X is 5 billion.

[tootalljones]

agreed, the price is absurd. I am praying it will go down meaningfully today (at least to yeseterdays midpoint), to add 300K worth. The PE is laughable and while Waste Book and Google are losing 20%, FINALLY FINALLY, where is all that tech market gonna go?

commodities.
premiere commodity stock, lowest PE, superior management: X.

the Tech guys have been habituated to buying the dips forever the past 12 years and have done well, but the prudent ones now will diversify. I am sure Musk is doing that, and he has been selling his company like crazy. It is simply the prudent thing to do.


Now that the Big TECH names, the generals are finally getting hit, remember too, most tech has been going down for over a year, and the avg loss is 40% and after today, make that 42%.....Will stop in anothe 30% give or take. Who wants a Tech stock in a commodities bull market with a PE of 35, when you can have X with a PE of 1.45?

The money is coming our way. Add on pullbacks. we are at ground zero

[desert rat1]

I tried to Purchase a property for over $60,000 listing price and wasn't able to get it. US Steel will be over $100.00 a share at year end. The current price is ridiculous cheap compare to real estate US Steel will beat every stock at this current price. Get ready for huge return.

[tootalljones]

X actually beat earnings easily but they made an adjustment that bumped almost a buck off their reported earnings....fyi...and they might have communicated this beforehand to the analysts, but it was a serious beat. It doesn't really matter.

[tootalljones]

X CEO and NEU CEO, and their management Teams are both strongly bullish on 2022 (and beyond probably). They spend a fair bit of time, per the X CEO in trying to get the forcasts right for coming order Books and Production.

[tootalljones]

fund manager gives strong assessment of the coming Steel and commodity demand in a Commodity Demand U.S. economy for 2022. Zero chance for anything remotely a recession risk.
https://www.kitco.com/news/video/show/Market-Analysis/3835/2022-02-01/This-is-why-stocks-will-not-crash-this-year-says-BMOs-chief-investment-strategist#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis