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.