AKS is Zacks Bull of the Day |
Tuesday, September 18, 2007 11:55:45 AM - Middletown Ohio |
by John Beagle
Zacks Investment Research is one of the most highly regarded firms in the investment industry. Today they featured AK Steel Holdings as their "Bull of the Day" citing the company's cost reduction efforts. AKS was up nearly 5% at the time of this publication.
Bull of the Day:
Our Bull of the Day recommendation is for AK Steel Holding (NYSE: AKS). We expect the company’s cost reduction efforts and renegotiated higher-priced contracts will prevent excessive margin deterioration in light of higher commodity costs. The company is seeking headcount reductions. In the last three years, AKS has lowered its headcount by 26% to 6,600 from 9,000.
41.04 +1.92 (4.91%) Sep 18 2:51pm ET |
Open: |
39.56 |
High: |
41.29 |
Low: |
39.30 | |
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Volume: |
1,543,900 |
Avg Vol: |
3,511,000 |
Mkt Cap: |
4.57B | |
NYSE data delayed by 20 minutes - Disclaimer | |
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