SSAAF - SSAB: Maintenance And Demand Lag Continues To Pressure Q3 2020
- With over 8 months since my last article on SSAB, the time has come to look at the company once more.
- Since the beginning of COVID-19, company results have been fairly poor for SSAB, dropping below usual levels, with both production and shipments down.
- This has led to negative EBIT for 2 quarters now, providing barely enough operating cash flow to be positive.
- The company remains a problematic short-term investment, but long-term prospects for high-quality steel are good, and provide a potential bullish catalyst.
- Based on current valuation, you could "BUY" SSAB.
For further details see:
SSAB: Maintenance And Demand Lag Continues To Pressure Q3 2020