When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Mechel (NYSE:MTL, NYSE:MTL.P) continues to seek a way to deal with its severe debt burden (8.4 LTM Net Debt/EBITDA). The company has no financial resources to continue developing its most promising investment project - the Elga deposit - and considers selling it. As for the stock, I wouldn't recommend jumping on the bandwagon as there are no fundamental reasons for that.
Losing A Dream
The debt burden is Mechel's biggest problem. Between 2004 and 2012, the management pursued a very aggressive policy of building a vertically integrated holding company. As a