MT - ArcelorMittal: An Even Better Entry Point In Cyclical Steel

2024-03-12 14:23:04 ET

Summary

• ArcelorMittal is one of the most significant global players in the cyclical steel segment. I would characterize it, at the right price, as a must-own sort of investment.
• I consider the company to be cheap at this time, and view the company as a "BUY" with an attractive PT and upside.
• The company may need a few years to achieve its targets, but I have no doubt that this is what the company will manage.

Dear readers/followers,

Of course, I wish I could say that ArcelorMittal ( MT ) had moved in the way that I tried to predict in my last article, which was now almost a full year ago. I've owned a small stake in this company for several years, and I bought more to this stake at the last time of publishing. Since that particular time, the company has not exactly performed as expected, with an 11% negative RoR.

In this article, and you can find my previous coverage here , I will provide you an update on ArcelorMittal and show you why I believe that more of this company can be bought....

For further details see: