- Commercial Metals Company has been posting promising results for the past few quarters, especially with the support of rising steel prices.
- The company has been improving its profitability but there is still a lot of room for improvement.
- Steel prices are precedented to tank in times of economic crisis and have recently started falling amid looming threats of a recession.
- If the recession hits and steel prices steeply decline, CMC stock will be seriously affected, making me rate the stock as a "HOLD."
For further details see:
Commercial Metals Company: Risks Of A Recession Outweigh The Rewards