2024-01-25 11:48:35 ET
Summary
- Steel Dynamics reported better than expected EPS and quarterly revenue growth, with beneficial demand expectations for 2024.
- The company is expanding its capacity with new processing lines and a processing plant for aluminum recycling, which could drive revenue growth.
- Share repurchases and a decline in the share count suggest that the stock price could increase, making Steel Dynamics a potential buy.
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Steel Dynamics: Beneficial New Guidance, Stock Repurchases, And Quite Cheap