Steel Dynamics Offers Value, But It's Going To Be Ugly [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
Company Research
Source: Seeking Alpha
SummarySteel Dynamics posted a better than expected first quarter, with a strong rebound in steel profits.I expect a meaningful decline in steel prices an demand in the next couple of quarters, and I believe demand recoveries in oil/gas and non-resi construction could take years.Even accounting for weaker prices, increasing competitive capacity, and a protracted recovery in demand, Steel Dynamics looks undervalued provided approximately 3% long-term growth is reasonable.I wasn’t all that bullish onSTLDit was worth another lookIt’s difficult to recommend a commodity stock given the severe disruptions across its most important markets, let alone the meaningful capacity growth that’s coming over the next 18 months. Still, I don’t think my expectations are that aggressive, and the shares do look undervalued. If you can handle the risk, this may be a name to consider now.A Better Quarter Against Lower ExpectationsWhile Steel Dynamics’ beat versus sell-side estimates was helped by lower exp
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STLD
News
- Shareholders Would Not Be Objecting To Steel Dynamics, Inc.'s (NASDAQ:STLD) CEO Compensation And Here's Why [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Q1 Earnings Top on Higher Selling Prices [Yahoo! Finance]Yahoo! Finance
- Reminder: Steel Dynamics Announces First Quarter 2024 Earnings Conference Call and WebcastPR Newswire
STLD
Earnings
- 4/23/24 - Beat
STLD
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/24/24 - Form 8-K
- STLD's page on the SEC website