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Steel=Profit.Steel=Profit.
Heather said: "I still think steel is an interesting pick.
We were discussing ISG in a thread dated July 24. For the dates July 24-30th
ISG closed at between 29.02 and 33.50.
Although it hasn't skyrocketed, it is now trading at around 40.00 a share. It is an interesting longer term hold."
misterjover said: "Nice find. I wish we could've gotten it in May 04'. That's a nice rebound it took to get to 40+."
HappyHarry said: "The best part of ISG is they own the best parts of all the old company LTV, and were able to blowoff billions in pensions obligations.
And re-organized old-world manufacturing company with few or no pensioners is bound to be rich in cash and have good earnings. A strong country cannot by all its steels from foreign competition."