RE:RE:RE:RE:RE:RE:RE:Still a Steel ; make that a Steal There forward earnings based on last quarter of 7.60 per share is tracking towards $32 a share taking a four quarter look forward. If they end year with say 1 billion in cash or $13 a share cash and no debt you have a stock trading at 38 less 12 gives you $26 a share and earnings at $32 per share which gives you an amazing P/E of 0.8.
That is unsustainable so yes price will go up. Eventually market becomes rationale. Steel markets are still on allocation and whatever is being made can be sold. Even though tariffs relaxed a little foreign companies being careful not to invoke anti dumping rules so that sustains prices also
Only option left for investor is just buy more if you can.