"Among contrarians, one advisors stands out among all others: David Dreman," notes John Reese, editor of the Validea newsletter.
His advisory service selects stocks based on the strategies of time-tested investors, he reviews Dreman's approach and offers one stock that matches the contrarian's investment profile -- specialty metals firm, Allegheny Technologies (NYSE: ATI).
"Dreman, perhaps more than any other guru I follow, is a student of investor psychology. And at the core of his research is the belief that investor
So it appears that everyone is selling this company. While its competitors hover along relatively even par to index movements, ATI has lost a tremendous amount of its share value.
Despite this the fundamentals aren't bad, despite a lack of free cash at the exact moment. Overall debt to equity is good, revenue annually is higher than the market cap currently sits.
But this company is in a torrential landslide as far as the share price is concerned. I'm going to enter now instead of trying to pick a bottom (which I can't see being too far away), and hold my guts in while...
Allegheny Technologies (NYSE: ATI) produces specialty metals. Products include titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, tungsten materials, zirconium, hafnium and niobium. The steels, the nickel alloys and the titanium alloys are offered as plate, sheet, engineered strip, precision rolled strip, and grain-oriented electrical products. The company also offers forgings and castings. Its biggest customers are in the aerospace, chemical process, and oi
BUY: Allegheny Technologies Incorporated (NYSE: ATI) $110.75 (5/7/07) Sell price: $116.29 or Sell date: June 7, 2007Stop loss: $103.20 (-6.87%) Short term typical pullback, pullback may start to slow (at support)EMA very bullishStochastic analysis bullishLike the consolidation above the 50-day MA- good sign this will bounce back Profile: Allegheny [...]
Six main reasons why investing in steel is a good idea:
valuation overall is low
strong fundamentals, can use extra cash for share buy backs, low risk, etc
high chances for consolidation
rising steel prices
lower imports and lower inventories will drive earnings higher from here on
the worst of the correction is over
Steel over Copper
Copper is seeing a lot of volatility in the recent weeks, with fears that China aims on reducing dependency on imported copper. Also, the U.S. housing slump is also a concern as copp...
The company provides exotic and specialty metals and its products to aerospace, defense, chemical processing, oil & gas, electical energy, construction & mining, automotive, machine & cutting tools, transportation and medical industries in the U.S., Canada, U.K., Germany, France China, Japan, and other countries.
AMD - comeback in the making
- Great post by Arawak.
Mind you, this was BEFORE AMD's 16% hike today.
Cheers.
AMD - comeback in the making
Started 23 hours ago (By arawak)
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ATI
About Allegheny Technologies Inc
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