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hogman_5

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hogman_5

Re: Tommy post# 175

Tuesday, 09/24/2013 4:49:41 PM

Tuesday, September 24, 2013 4:49:41 PM

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Yeah, but the WLT employees I know say the steel industry is a long way from recovery. They tell me to buy only if I am willing to hold it for a good while! There is a glut of coke. As I have said before, when you drive past the mines, there is a LOT of coal piling up outside. There are 5 or 6 tugboats tied up outside the tugboat company's headquarters right now. When coal is selling, there are never any tugs tied up sitting idle!

That's a barometer for me. IMO.
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