Middletown Ohio


Find us on
 Google+ and Facebook


 

Home | Yearly News Archive | Advertisers | Blog | Contact Us
Thursday, March 28, 2024
FORUM CITY SCHOOLS COMMUNITY
  New Posts New Posts RSS Feed - Jim Cramer still wants to own AKS
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Jim Cramer still wants to own AKS

 Post Reply Post Reply
Author
John Beagle View Drop Down
MUSA Official
MUSA Official
Avatar

Joined: Apr 23 2007
Location: Middletown
Status: Offline
Points: 1855
Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Topic: Jim Cramer still wants to own AKS
    Posted: Sep 26 2007 at 4:09pm
Said Jim Cramer,
 
AK Steel (AKS - Cramer's Take - Stockpickr - Rating): "When you look at the weak dollar, let me tell you something: I think that a Posco (PKX - Cramer's Take - Stockpickr - Rating) from South Korea or an Arcelor (MT - Cramer's Take - Stockpickr - Rating) could snatch this company up at $60 bucks, and it'd still make sense. I want to own AK Steel. I want to own it."
 
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
Back to Top
Bill Rogers View Drop Down
MUSA Resident
MUSA Resident


Joined: Apr 24 2007
Location: United States
Status: Offline
Points: 225
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bill Rogers Quote  Post ReplyReply Direct Link To This Post Posted: Sep 27 2007 at 9:03am
That makes two of us. Thumbs%20Up
Back to Top
arwendt View Drop Down
MUSA Official
MUSA Official


Joined: May 17 2007
Location: United States
Status: Offline
Points: 588
Post Options Post Options   Thanks (0) Thanks(0)   Quote arwendt Quote  Post ReplyReply Direct Link To This Post Posted: Sep 27 2007 at 9:23am

That's nice that he thinks AK is that solid, as that means the company and its employees have a future.

 

But the sad thing here is that he starts his statement with "When you look at the weak dollar".

 

In a few years the weak dollar will make our current problems seem like the good old days.

“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
Back to Top
John Beagle View Drop Down
MUSA Official
MUSA Official
Avatar

Joined: Apr 23 2007
Location: Middletown
Status: Offline
Points: 1855
Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Sep 27 2007 at 11:16am
I think the weak dollar helps us sell products made from US made steel overseas. I think a continuing weak dollar is good for the US. I encourage our administration to continue that policy.
 
 
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
Back to Top
Rhino54004 View Drop Down
Outsider
Outsider


Joined: Nov 03 2007
Status: Offline
Points: 10
Post Options Post Options   Thanks (0) Thanks(0)   Quote Rhino54004 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 25 2007 at 1:02am
Originally posted by John Beagle John Beagle wrote:

I think the weak dollar helps us sell products made from US made steel overseas. I think a continuing weak dollar is good for the US. I encourage our administration to continue that policy.


Some say there is a threat that other countries will dump our weak dollar, you don't think that's something to be concerned about?
Back to Top
John Beagle View Drop Down
MUSA Official
MUSA Official
Avatar

Joined: Apr 23 2007
Location: Middletown
Status: Offline
Points: 1855
Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Nov 26 2007 at 12:40pm
Yes, I am concerned that OPEC will switch to the euro. This could cause oil to increase in cost in the US, since it will take more dollars to buy a barrel after the exchange rate.
 
This is a consequence I had not consided previously. But I am concerned now.
 
Why do our presidential candidates not make the weak dollar an issue?
What is more important than this to our economy?
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
Back to Top
Rhino54004 View Drop Down
Outsider
Outsider


Joined: Nov 03 2007
Status: Offline
Points: 10
Post Options Post Options   Thanks (0) Thanks(0)   Quote Rhino54004 Quote  Post ReplyReply Direct Link To This Post Posted: Nov 26 2007 at 1:04pm
Originally posted by John Beagle John Beagle wrote:

Why do our presidential candidates not make the weak dollar an issue?


I think the only one who has made it an issue is Republican Ron Paul.



Back to Top
arwendt View Drop Down
MUSA Official
MUSA Official


Joined: May 17 2007
Location: United States
Status: Offline
Points: 588
Post Options Post Options   Thanks (0) Thanks(0)   Quote arwendt Quote  Post ReplyReply Direct Link To This Post Posted: Nov 29 2007 at 1:51pm

Not to get to far off the AKS topic but in my opinion the economy, including the energy problems, the weakening dollar, the trade deficit, the budget deficit, the credit crisis, and the continued move of manufacturing jobs to offshore venues, should all be looked at as a national emergency, if not a threat to our national security, by all the candidates.

Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down



This page was generated in 0.104 seconds.
Copyright ©2024 MiddletownUSA.com    Privacy Statement  |   Terms of Use  |   Site by Xponex Media  |   Advertising Information