Wednesday, July 29, 2009

AKS 18.14 -0.87 (-4.58%)

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AK Steel Holding Corporation (AK Holding) is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its wholly owned subsidiary, AK Steel Corporation (AK Steel). - Google Finance

Short term projection: A little unclear, but signs are optimistic. Though losing $47 mil in 2Q due to decreased demand from automakers, AKS beat analyst expectations. On the good side, they announced they expect 3Q operating profits to break even, while analysts expect operating profits to be -$18mil.

Long term projection: Upward trend. 2 months and a half until next quarter's earnings. Hopefully AKS business strategy will prove profitable.

1 comment:

  1. good stuff dan. should take a peek at CPSL

    happy trading