Open Question
Cramer, Stockpickrs:
Does anyone take notice that Nucor's dividend yield is now approaching 2.5% and
that is not including the special dividends that they pay for good performance?
I bought some more NUE last Friday afternoon around the closing bell. I can't
believe that the stock should be down over 30% from where it was trading in
June. The company is thriving and can pay its dividend that gives investors a
surprising yield for a steel stock.
Thoughts?
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I'm a very green investor, but I'm at the same spot. NUE's below 52, so buy
more? Company looks solid, I keep hearing the backlog is good and demand is
intact. But the playbook also says to sell metals and mining when GDP growth is
between 2% falling to 1 and the sector rotation does seem to be occuring. So is
staying in NUE fighting the market?
I guess now's the time for me to decide whether I'm a building long-term
positions or not-so-long-term positions.
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they provide steel first to this country, then to row....so i guess if NUE
should be going up then so should the US economy sentiment.
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i own it ,,but its hard too own here as commodies r being treated as junk,,oil
controls all the commodites so if oil goes down so do all the commodites stocks
even if they have nothing too do with oil .it sucks but nue is very cheap here
for the long term,,the slow down in autos ,is realy killing steel here even
though its a rest of world play and demand is still solid
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