Apr. 8 at 10:34 PM
$SID
I think we have one more day of this before we slow down. I’m a little concerned about China’s economy in relation to this stock. If both China and the U.S. go down, this company could be hit from both sides—finished product to the U.S. and raw product to China.
I don’t think there’s enough upward economic pressure from Brazil, even with a massive Brazilian stimulus package, to cushion the blow. Without a deal between China and the U.S.—or, I shudder to say, a global conflict that drives a need for a lot of steel—I don’t see this going up quickly.
I actually think this will settle around
$1 USD. That said, I’m not ruling out a conflict. If one does occur, this could shoot up to
$9 by August.
Let me know if you’d like this made more formal, or turned into an investment thesis.
