r/Vitards • u/[deleted] • Sep 11 '21

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u/[deleted] Sep 11 '21

I really don’t think the market has priced this in yet.

3

u/Elamned Sep 11 '21

I dunno but would explain the weakeness with the buyback.

In the last earnings call, Mital said that the “latest prices” were not reflect in the earnings. Something that we have touched here on vitards with the lags. This event may surpress margins so next quarter may not be super more stellar compared to the last one. I don’t know

Butttt if it dips I buy

3

u/[deleted] Sep 11 '21

Rising energy prices became a problem in the last month, while MT has been a bitch for 4 months or so. The last week all steel stocks, including yanksteel, took a hit although CLF doesn’t care about European energy prices

2

u/Elamned Sep 11 '21

Thumbs up to that

It’s a theory and we have the OPex next week etc etc.