Anyone out there.....Here we are in May 2004 and it is a different world in the Steel Industry. Now steel stocks are hot, who would have thunk it 3 years ago!
Ispat 2nd qtr numbers will be huge, and 3rd qtr looks just as strong.
Still alot of upside potential on this stock.
Based on 1st qtr results, and stock prices on May 5th, Ispat was trading at 5x earnings as compared to Dofasco at 12x.
Look at ISG on NYSE, it's trading around the 11x, and Ispat is better company financially.
Enjoy the run!!!!!