How did I miss this one?
US Steel has a p/e of 5, and that’s after almost doubling since 10/15!
Even with this massive run-up, it is still way under NUE’s p/e of 8 and they are well above prior all-time high while X is still a far cry from $60.
The market cap is $5.5Bn and:
They make $1Bn a year.
They have $1Bn in cash
They have $2Bn in receivables
They have $1Bn in inventory
They have $2Bn in “Other Assets” (whatever that is)
I will wait for a pullback which may never come but the lesson here is I have to poke my head out of my usual sectors more often!
