United States Steel Corporation (X)

[tootalljones]

Steel prices have clearly bottomed and look to be rocketing higher. (see chart, up 65 bucks today alone) = massive profits for X, and remember, almost 40% of this year's product is already under contract and will sell much closer to 1500, a phenomenal price. Last year, the company was rolling in massive profits, and all that being said, the first Q of 2021 averaged 875 bucks per unit steel.
This year good be even more profitable. And all the while the company is removing stock every single day with 750 million in stock buyback. And in a month and a half, the company may well authorize another 500 million in further buybacks, reducing the shares far lower.
The company must do something with the windfall profits each month. https://www.marketwatch.com/investing/future/hrn00