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ANIOY - Universal Stainless & Alloy Products Looks Undervalued But This Downturn Is Brutal
Acerinox S.A. ADR
There's really not much good news in the world of specialty alloys, particularly as recoveries in end-markets like aerospace, power gen, and oil/gas look like multiyear events. For companies like Universal Stainless & Alloy Products (USAP), Allegheny (ATI), and Carpenter (CRS), the recovery is not going to sharp or quick.
USAP shares are basically flat from when I last wrote about the stock, outperforming Carpenter, but lagging Allegheny and Acerinox (ANIOY). Management is doing what it can to contain costs and get the company through this