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On Feb 7, 11:18am, Joe Frabosilio wrote:
> Subject: [RT] GEN: Steel industry
>
>
> Does anyone trade this sector? I have a friend of mine that works in
> this industry over here in Texas. His company ( I forgot the name) has
> been buying all of the competition here in Texas, at an alarming rate.
> Changes in this industry has been going computerized and haveing less
> workers, weaker unions. What are some things to watch, while in this
> sector?
>
> Any Help would be great,
>
> Joe Frabosilio
>
>-- End of excerpt from Joe Frabosilio
Might be early -
http://biz.yahoo.com/rf/000207/y6.html
Monday February 7, 12:13 pm Eastern Time
RESEARCH ALERT - DLJ cuts steel industry
NEW YORK, Feb 7 (Reuters) - Donaldson Lufkin and Jenrette said
Monday it cut the steel industry rating to market perform from
outperform.
-- DLJ cut LTV Corp (NYSE:LTV - news), Metals USA Inc
(NYSE:MUI - news), Olympic Steel Inc (NasdaqNM:ZEUS - news),
Steel Technologies Inc (NasdaqNM:STTX - news) and U.S. Steel Group
(NYSE:X - news) to a market perform from a buy rating.
[...]
If you go to Yahoo!'s US Financial News, at
http://biz.yahoo.com/reports/stocks.html
and type in "steel" at the bottom of the page, it'll
pull up recent articles with have the word "steel" in
them. Stories of Bethlehem Steel laying, and Japanese
steel companies laying off. Perhaps these layoffs are
the result of automation and increased productiivity, but
I'd want to look at that real close before jumping in.
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