AKS - AK Steel Is Getting Interesting
AK Steel (AKS) is down 13.8% this year and roughly the same over the past 6 months. Last month I wrote that the company was best to be avoided. At this point, I see some potential since industrial stocks have overreacted over the past few weeks while leading economic indicators came in a bit stronger than expected. I am buying a small position to benefit from what seems to be a very interesting risk/reward opportunity.
Source: AK Steel
Timing Matters
Before I go into any details, I want to discuss the bigger