ADF Group Inc T.DRX

Nucor outlook,bullish and new all time high

[lifeisgood1010]

Last night, Nucor reported their Q4 results.
and just like United Rentals, they were good.
Nucor is trading at an all time high.

Nucor is the biggest US steel producer.It produce a wide range of steel products(In 2005, they did a takeover one of of my holding Harris Steel).

 

We as DRX shareholders should not be suprised about Nucor's optimistic tone.

Nucor is another testimony of the infrastructure and steel demand strength.

Since the beginning of December we are seing good volume (every thing being relative) for DRX.New buyers are recognizing the excellent prospects of DRX and are getting on board to replace the early buyers who have double to quintuple the value of their investment in the last 2 years.Buyers of 3 1/2 years agoare sitting on 7 baggers +

As for myself ,my first purchase at $1.68 is now up 4.7 time and i am not a seller.

Again why would i sell if i think that DRX is still very undervalued and will be a $12 to $15 stock before year end and who knows, maybe a $20 one if microcaphobby prediction comes to fruition.

 

Here is last night outlook from Nucor.

 

First Quarter of 2024 Outlook
We expect earnings in the first quarter of 2024 to increase compared to the fourth quarter of 2023.

 

We remain optimistic that Nucor's best days are ahead of us, with a resilient U.S. economy and steel-intensive megatrends driving increased demand for our products.