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Opportunities for Investors in Steel?

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  • Description

    FBN’s Charles Payne on the outlook for Steel Dynamics’ shares.

  • Duration 2:11
  • Date

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This transcript is automatically generated

It's time to make money with the one and only Charles playing this -- he's got -- -- with profits it can be a real steel I'll hop no time to let them vote on the back nine dollars and they guys still dynamics -- remember -- and then course.

From the presidential campaign everyone talked about -- Romney talked about his.

Then Obama team -- a lot of federal money to -- -- forget about that.

-- -- reported numbers and they came in pretty good and it's interesting you know because.

It's still a little early it's a little tentative when it comes as some of these -- still -- however these guys are.

But I like about them.

-- if you're gonna look at all these names new core you know you're still on all of them that there really started distance themselves would suspect to some sort of value proposition and a reason to buy him.

Better better operating income as a as a portion of their around.

Tons of still let the ship down on -- margins.

They've diversified pretty well in the last few years and -- Smart to -- a lot more real production -- operations.

Sequential growth.

So is it's really looking like a.

-- early in 2000 -- -- that black diamond ski slope right there.

I did say this thing.

-- and by the way I act I didn't even take it further back than that this thing has been in trouble before it.

But this a tough industry this is -- industry hasn't done a supply industry right now there's a bit of pressure on the pricing none of that but you're rise -- global economy.

Picks up China -- -- right hopefully NN America picks up you know I mean you know -- their big thing is of course not residential construction and wants that kind of picks -- but to your point.

The average selling price are still -- scrap metals are down.

And did they're scrapping their way through it I'm not saying the buy this one yet.

But I'm saying if you you know that right now so many stocks are trading at 5052 anti lot of -- at all time highs this one is not one of them if you try to make a list of potential names.

This one probably should go on that list let's watch a little bit more may come all the more confidence down -- -- -- Now let's pull a trigger may be a close above sixteenth that the.

We know -- so -- crowds with your tempered report could tell you're not fully end.

-- -- -- -- That's been -- out of it I think they I mean not like I was grappling today the -- that I had a tough time just grappling.

You know what we're gonna have to -- some stocks -- -- -- a lot of people don't like chasing bubbles and that was it.

Tells -- guys thank you Angela.

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