tootalljones
1 year ago
the americans do not care about X, the same way they don't care about anything except getting "free stuff." X has a 5 billion dollar market cap, and in 18 months or so, will have a 50 dollar book value....gimme a break. The stock is a ridiculous steal esp. with Big Bend coming on line, churning out well over 1 billion in free cash flow..............Yup, you are looking at 4.50 earnings at a minimum, per share from this new project alone. ...My view is X will generally make in this new age where steel is a must, at least 10 bucks a share, and with a 6 PE is worth 60.....and this in part because there is no way on god's green earth that China will be permitted to sell underpriced at cost steel in america any longer. Not a chance. even biden and his pack of nutjobs gets this point.
tootalljones
2 years ago
finally got it right. About 9 months ago, I made 1.8 million on this sucker...and then walked away, selling it at 32.5 only to see it collapse while I was wasting time in other non productive areas, except for biotech where I have done well...........but continuously losing my azz on gold stocks and shorting the market. Anyway, I covered my spy shorts first thing this past monday morning and actually premarket, and said screw it buy X again, and let's see, so I covered my 6 million short spy, 16.7 thousand shares....making a small profit of 20 Gs, and bought millions and millions of X avg price 27.7...added to it this morning on the opening dump, topping off my tank, and it looks like once again, this is gonna be a gangbuster investment. We may well be in a new baby bull market, in which case X will be 55 bucks inside of two years. What is gonna get the pension funds into it in droves will be the pristine, old fashioned balance sheet, the lack of any debt almost whatsoever, and all the money it makes, and the ramping up of the dividends to 5 to 7 percent annually, .....this is gonna be a massive winner if we get no recession, or only a mild recession.
love the chart, love the fundamentals....dirt cheap, best fundamentals in the sector. In 5 months the war will be over and Ukraine is gonna need a continent's worth of steel to rebuild, and guess what, the largest steel factory in euorope in eastern Ukraine is now gone completely, as it is being leveled to bring in tech invesetment park....so where will europe be getting the steel to rebuild Ukraine? Exactly, X has its business right next door. The american's attempt to seize that country is being repulsed ferouciously, as the world's countries now view the U.S. as a pariah, a monstrous country, but they are gonna pay through the nose for X's steel.
tootalljones
2 years ago
x should be over 30 bucks now, having discounted a nuclear catastrophe at all of its facilities, and the facilities of its customers as well.....during the Great Depression, it was very rare to ever see a company with a PE under 2, and we are at 1.43.....and the Oligarchs and FED will print forever. We are loaded with cash, buying back shares, the product in massive demand................
tootalljones
2 years ago
I think this is probably the bottom for X. Bottoms are a process, and they bounce down and retest and often retest again. X has discounted a nuclear bomb on all of its facilities; with a current PE of 1.43, and net cash positive, with 3 billion in the bank, buying back shares massively, and has said it will have record-breaking Quarter coming up, with earnings...with almost 40 percent of its income already in fixed contracts far far above current spot, and with the Russia/Ukrain conflict, where the massive steel from these two countries won't be hitting world markets for years. especially Ukraine which was a serious producer....and they need a trillion dollars in steel to rebuild the country, once the war is over. X is the most undervalued company in the S and P, in all of north america. BUY
tootalljones
2 years ago
I think this is probably the bottom for X. Bottoms are a process, and they bounce down and retest and often retest again. X has discounted a nuclear bomb on all of its facilities; with a current PE of 1.43, and net cash positive, with 3 billion in the bank, buying back shares massively, and has said it will have record-breaking Quarter coming up, with earnings...with almost 40 percent of its income already in fixed contracts far far above current spot, and with the Russia/Ukrain conflict, where the massive steel from these two countries won't be hitting world markets for years. especially Ukraine which was a serious producer....and they need a trillion dollars in steel to rebuild the country, once the war is over. X is the most undervalued company in the S and P, in all of north america. BUY
tootalljones
2 years ago
The Key to investing: to be in something just before the market gets excited about it, a the turn. When it is hated, as X still is by a mile.
Just dramatically today increased my ownership here of X at a price of around 29.83 avg price. The stock is down from 39.50, and they are projecting record earnings in Q2 and personally, I think they will smash the projections to pieces. Literally, a current 2 PE. .....gotta be the best buy in the S & P at this wild healthy pullback price..........