Introduction
Acerinox (ANIOF) (ANIOY) is one of the largest stainless steel producers in Europe, and although this Spanish company was in bad shape during the Global Financial Crisis and the subsequent sovereign debt crisis in Southern Europe, Acerinox seems to have turned the corner. But is its current 11.42 EUR share price attractive enough to warrant a long position?
Source: finanzen.net
Acerinox is a Spanish company and has its primary listing on the Madrid Stock Exchange where it’s trading with ACX as its ticker symbol. The current market capitalization is