AKS - Do Not Buy AK Steel Yet
AK Steel (AKS) just reported its quarterly earnings. The stock immediately sold off even though the company beat estimates. The reasons are slower shipments and a less favorable business environment. I am avoiding the stock until its business environment starts improving again. At that point, the stock is an interesting buy again.
Source: AK Steel
Earnings Are Down
First quarter earnings came in at $0.09 versus expectations of $0.03. This is where the good news ends. The total growth rate is down 53% after the rather weak quarters Q3/2017 and Q4/2017. However, there