ATI - Carpenter Technology Undervalued And Making Progress But Where's The Spark?

I’ve had pretty mixed feelings about Carpenter Technology (CRS) for some time. In my last write-up on this specialty alloys company, I thought the shares looked undervalued, but I also thought the company really needed to show some improvement in execution before the Street would get behind it. While the shares did break out over $50 in the interim (up about 25% from the price of that last article), weak nickel prices and concerns about end-market demand have once again weighed on the shares and net-net, the shares are close to where they

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