July 2nd, 2008
CNBC Bonus Bucks Trivia: In Fast Money’s Web Extra, “Steel In Second Half?” what event seemed to drive up MacArthur Coal?
In Fast Money’s Web Extra, “Steel In Second Half?” what event seemed to drive up MacArthur Coal?
Steel continues to be hot. Australia’s MacArthur Coal jumped the most in 2 weeks after ArcelorMittal (MT) increased its stake to 19.9%. Posco (PKX) then purchased a 10% stake in ArcelorMittal after the MacArthur purchase.
In the models I follow, ArcelorMittal (MT) gets high marks for earnings momentum, price momentum, free cash flow and potential return. Posco ranks poorly for free cash flow and return potential.
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