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home / news releases / nucor very strong balance sheet priced at 5x fcf

PYZ - Nucor: Very Strong Balance Sheet Priced At 5x FCF

Invesco DWA Basic Materials Momentum ETF
  • Nucor has sold off by more than 30% in the last few months. While the investment has many moving parts, the ultimate driver here is that the stock is cheap.
  • If 2023 sees steel prices weaken substantially, the stock could end up priced at 10x free cash flow. That's not such a bad outcome.
  • Nucor has a sector-leading strong balance sheet. Even if much pain is inflicted on the sector, Nucor is well positioned to withstand the prolonged downturn.
  • The stock has a positive risk-reward profile. I rate this stock a buy.
  • As always, happy to discuss my investment thesis further in the comments section.

For further details see:

Nucor: Very Strong Balance Sheet, Priced At 5x FCF
Stock Information
Company Name: Invesco DWA Basic Materials Momentum ETF
Stock Symbol: PYZ
Market: NASDAQ
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