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Igor-Silva
Dec 23, 2019 3:39 PM

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United States Steel CorporationNYSE

Description

Hi, today we are going to talk about United States Steel and its current landscape.

United States Steel is poised to receive increasing attention from the market as relevant events are taking place. The company is walking through a though end of the year as had unveiled that will close its mill near to Detroit, slashing more than 1,500 workers due to financial losses, the company also issued that is cutting its dividend from $0.05 per share to $0.01. Concerning news for United States Steel investors that now see company struggling to keep up amid a context of less economic protectionism as Trump and Xi negotiators walk towards a deal.


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Comments
BobbySpa
Although nobody likes to see companies cutting jobs this company is turning a 20th century business into a 21st century business amid very challenging times through acquisitions and other means. My takeaway was positive and consistent with management's story over the last six months. Stock has come back to original breakout area. Could go lower but I feel there is a solid floor between $10 and where we are.
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