Why ArcelorMittal Is Ready to Rebound
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
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 2,123 members who have rated ArcelorMittal believe the stock will outperform the S&P 500 going forward.
I might be getting in too soon on this one. But the value is hard to ignore. Price/Sales of 0.21, a Price/Book of 0.35, and a LT Debt/Equity of 0.44 are just a few things that make me believe a bottom should be close. This is a long term hold based on many things such as a global recovery, steal price stability or increases, and improving margins. All speculative at this point so it will take many years for this to play out.
If you want market-thumping returns, you need to put together the best portfolio you can. Of course, despite a strong four-star rating, ArcelorMittal may not be your top choice.
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The article Why ArcelorMittal Is Ready to Rebound originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Nucor and 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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