Thoughts on "X" --UNITED STATES STL CORP

[Stuck]

What you veterans think of these steel stocks? any preference btween the two? (GHM is a much smaller company but seems to be growing)

http://finance.aol.com/quotes/united-states-steel-corporation/x/nys

http://finance.aol.com/quotes/graham-corporation/ghm/ase

Any thoughts about the stocks or company is most appreciated

Update: Decided to stick with X at the end still feel free to comment on steel stocks and what drives them in general.

[Stuck]

halp?

[steelman]

What you veterans think of these steel stocks? any preference btween the two? (GHM is a much smaller company but seems to be growing)

http://finance.aol.com/quotes/united-states-steel-corporation/x/nys

http://finance.aol.com/quotes/graham-corporation/ghm/ase

Any thoughts about the stocks or company is most appreciated

Hey Stuck, I am still new and learning. However, I do work for a steel building factory. We buy our raw steel from NUE and X. Raw steel prices went way up from Jan 08 through Nov 08, They started coming down in the last quarter in 08. They have kept coming down. Our last decrease was about 4 weeks ago in our prices. I hear we are having another small one coming up. Looking at the 1 yr chart, it looks like stock price dropped as steel prices dropped. That's all I have. Maybe someone else here could give us some conclusions on this.
Best Regards, Steelman

[peanuts]

X has a well diversified internal raw material supply chain and should be a strong company moving forward. Much of their future depends on the US economy, so be mindful of infrastructure projects. I do not know what percentage of their business is to the auto industry, but I think if it is a big piece of their customer pie, then the sales performance might not be that great. Their operations overseas are, not suprisingly, the most profitable.

GHM seems to have more internationally based sales, and is in a position for high growth in India. The best part about their heat exchanger business is that nearly every industry uses them, and heat exchangers have a limited life span. So, not only do you get business from new developments, but you also get business from refurbishments, upgrades, and replacements.

I like GHM for growth, and X for value

Thanks for posting these.

[Stuck]

Thanks guys, I was leaning towards GHM already

And steelman when the stimulus & inflation kicks in (later this year prob) the price of steel will go up.

[skiracer]

i wouldnt touch x or ghm but the rich get richer by buying low and selling high. of course it helps to have plenty of disposable funds so that whatever monies you tie up in them isn't money you rely on to trade or live on.

[Stuck]

i wouldnt touch x or ghm but the rich get richer by buying low and selling high. of course it helps to have plenty of disposable funds so that whatever monies you tie up in them isn't money you rely on to trade or live on.

well x is pretty dam low. it was 48ish in feb and the news was terrible then. it is 26ish now. my guess is any good news should push it pass feb levels easy.

GHM seems to be out performing the market. it went up everyday in the past month with no declines.

Any reason you wouldn't touch these? what would you recommend for good short term gains. (banks?)

http://finance.aol.com/quotes/graham-corporation/ghm/ase

[Stuck]

well X is up 20% for me, so far so good

On a separate note I had another question about the stock. every time i traded to buy more shares of X my buying power in Etrade went up (even though i used all my cash, after I used the loans my trade cash went into negative). in other words i was getting a loan of sorts whenever i bought X. Is that connected to its high yield or another special thing connected to that stock specifically? (because it didn't happen with my purchase of bank stocks).