AKS - AK Steel: Is It A Buy Again At $4.50?
AK Steel (AKS) recently reported its second-quarter results, and its shares suffered significant downside. This is not the first time this happened. In fact, the company has a history of earnings disappointments. There was always something in past earnings’ reports that made shares tank. This year, AK Steel shares have found support below the $4.50 level and have always rebounded (to a certain extent) from this level. This led me to publish a couple of similar ideas (here, here and here) which could be summarized as “AK Steel shares are