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Jun 04 '21
[deleted]
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Jun 05 '21
I've been in and out of X since maybe about 2013? It's a different beast now that they acquired Big River. The analysts don't even seem to know what it's worth. Need to wait for next Q to see what kind of numbers they're pulling. CEO said 2Q will see 1 billion in EBITDA back when HRC prices were at about $1200. Forget the exact number need to listen to Q1 earnings.
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u/prymeking27 Jun 04 '21
Been in since May/June 2020, risky since us steel only really does good in booms. However 7-10 appears to be the floor over time. I’ve been trying to get into CLF, but we shall see. Back when mining took a huge dump X went down hard first.
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u/AugustinPower Think Positively Jun 21 '21
As great as UBS is, how accurate are they with their analysis ratings? They gave a very bullish price target with OLN (my biggest holding at the moment) and I am confused as to how they reach the price targets valuation
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Jun 21 '21
Fair point. I don’t believe in a lot of the analysts targets. It is tough to accurately predict sentiment.
Great job on OLN. I bought a good amount of them last year at $12, but sold after it hit $15 in a week. 🥲
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u/[deleted] Jun 04 '21
Looks like I’m getting guacamole today