“Michael, we’re bigger than U.S. Steel”

So said Hyman Roth to Michael Corleone in The Godfather Part 2.

Lately, that doesn’t mean so much. US Steel ($X) dropped to a new 52-week low today of $25.25 per share. Three years ago, the shares peaked at $196. That’s an enormous fall, especially for a company that wasn’t involved in banking.

Their last earnings report was a dud. This is exactly the kind of cyclical stock you want to stay away from right now.

Posted by on August 18th, 2011 at 3:09 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: