Why ArcelorMittal Is Poised to Bounce Back
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, steel giant ArcelorMittal has earned a respected four-star ranking.
With that in mind, let's take a closer look at ArcelorMittal and see what CAPS investors are saying about the stock right now.
Chairman/CEO Lakshmi Mittal
CFO Aditya Mittal
Return on Equity (average, past 3 years)
$4.4 billion / $26.3 billion
United States Steel
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 2,098 members who have rated ArcelorMittal believe the stock will outperform the S&P 500 going forward.
Just yesterday, one of those Fools, Truslunch, tapped ArcelorMittal as a particularly solid bargain opportunity:
Largest steel producer in the world sitting at 52-week lows. This is a good value opportunity. Stock has taken a beating from market due to recession, fears on European economy, and lack of demand. [ArcelorMittal] has been closely associated with Europe ... but this is a global company. ... [T]here is a lot of opportunity in Asia when demand picks back up. So I'm a buyer from here. Huge upside long-term potential that pays me [a +4% dividend yield] to wait for a global recovery and is poised to benefit the most from future Asian development? Yes, please.
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The article Why ArcelorMittal Is Poised to Bounce Back originally appeared on Fool.com.
Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Nucor. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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