AKS - Time To Look At AK Steel Again
Shares of AK Steel (AKS) suffered serious downside following the fourth-quarter earnings report. First, the stock was slammed due to weaker outlook and because the management mentioned the theoretically possible equity raise during the earnings call. Next, the market suffered a major pullback, putting universal pressure on stocks across all segments. As a result, AK Steel shares are back below $5, almost fully erasing all the gains the stock made since November 2017, when it found itself in the penalty box following the disappointing third-quarter report.
It might seem strange that