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ACL

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ANYONE WHO CAN TELL ME WHAT IS HAPPENING ARCELOR MITTAL SA, THE RESOURCES R DOING WELL, BUT THIS ONE SEEMS TO BE CASH CONSUMER. WHEN WILL IT START GOING UP?
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8 REPLIES 8
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Contributor
Why dont you start big on this one and end up with small amount.
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Super Contributor
patience, mittal 3rd quater results will be a lot better than the 2nd quater, no store closure this year and most plants are running.
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yeah! right...
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Super Contributor
Long term ACL will improve. Its behind the market, PE ratio looks good. In 2-5 yrs should get back to R140-R150
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thats nice, but i dont have 2-5 years, i'm on warrants, which means couple of months.
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Contributor
time decay on a warrant will hurt if you hold for a month or 2
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Super Contributor
I think many traders are short this stock. I has failed to get back to a previous low of around R99 and the short sellers would be squeezed nice and red.
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Occasional Contributor
China is producing more steel than required, a few weeks ago it was in the news. Steel stocks will be depressed for the time to come
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