MT - ArcelorMittal: Market Is Completely Ignoring The Upside
2024-06-01 02:27:43 ET
Summary
- ArcelorMittal is a significant player in the global steel industry, specializing in various sectors and focusing on improving efficiency.
- The company has shown strong organic growth in EBITDA and is disposing of non-core assets, while acquiring specialty players.
- Despite slow improvements in the industry and challenges in the Chinese market, ArcelorMittal is expected to drive profitability and has a triple-digit upside potential in the long term.
Dear readers/followers,
I've been following ArcelorMittal (MT) for a few years now, and have been invested for a little over a year, not really getting much "bang for my buck" - at least not as of yet. Still, there is a lot to like about the company, and plenty of expected upside depending on where the company could go from here. ArcelorMittal is one of the most significant global players in the cyclical steel segment. I have previously characterized it, at the right price, as a must-own sort of investment - and I follow my own advice.
In today's tech-heavy and, as I see it, inflated market, we don't find many investors or analysts espousing the positives of these legacy players, despite the fact what sort of market need they fill....
ArcelorMittal: Market Is Completely Ignoring The Upside