MT Mittal

K

killATwill

Ok, global slowdown, I know.

This is the worldwide leader in steel production.

MT has a a PE of 1.98 and a Price/Book of 0.48.

Amazing. This is the inverse of internet stock mania. Many decent companies are getting sold at outrageously low valuations.
 
The could have an EPS of 7 next year. With a raging deflation and global slowdown in steel consumption you could see a 20-25% cut in next years EPS compared to this years EPS.
 
I put FCX in the same category.

8.42% yield (will fall as earnings diminish, but so will short term treasury yields).

Book value at 0.59! Under 60c on the dollar for their assets.
 
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