ArcelorMittal (MT)

[Hostile Takeover]

Arcelor Mittal (MT) is an integrated producer and distributor of steel products. The company is the largest steel manufacturer in the world and supplies many of its own raw materials that are required in steel production. Arcelor Mittal has a market cap of $28.7 billion, a ROE of 5.1%, a PEG ratio of 0.3, and a 5-year estimated annual earnings growth rate of 25.3%. The share price has been hit hard due to the world economic issues and the threat of another slow-down, but most of this should be priced into the stock at this point. If a second recession does not materialize, or is not as bad as many consumers fear, Arcelor Mittal’s share price will likely experience a large positive jump.