AKS - AK Steel - The Bear Case Is Unfolding
At the end of October, I wrote my most recent article discussing AK Steel (AKS). Back then, I used quite an outspoken title called, 'Run For The Hills'. The core of my thesis to avoid AK Steel was, and still is, based on peaking economic growth and the company's own statement that shipments are unlikely to grow in its fourth quarter. In this article, I am going to update this thesis because there are a few things that unfolded the way I expected.
Source: AK Steel
What's Happening?
One of