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Consider U.S. Steel to strengthen your portfolio
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Posted on
Mar 27 2008 4:46 AM
by
adeal
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Readers of this space know that my investment bias is toward large-cap companies with demonstrated business models and a competitive advantage in established markets, preferably with a favorable global trend as a support. With the above in mind, U.S. Steel is worth a review. U.S. Steel Group (NYSE: X) is the fifth largest steel producer in the world. Analysts expect U.S. Steel's 2008 revenue to increase 13-17%, primarily stemming from acquisitions. Further, distributor inventory levels reached unsustainably low levels in 2007, in the interpretation of many analysts, and the replenishing in 2008 should benefit X.
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