PRINCETON, N.J., April 29, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the steel stocks, including coverage of U.S. Steel (NYSE:X) and International Steel Group (NYSE:ISG).
FindProfit's investment outlook examines the steel sector in the wake of first quarter earnings from major steel producers, including coverage of Nucor (NYSE:NUE) and AK Steel (NYSE:AKS).
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FindProfit's outlook looks at the following questions:
-- Will high energy, coke and scrap costs weigh on the steel sector? What names are particularly vulnerable to margin pressure?
-- What does the departure of X Chief Executive Officer John Usher mean for the company?
-- After posting its first profitable quarter in more than a year, is X primed to deliver sequential growth again?
-- Will consolidation continue in the wake of ISG's deal to acquire bankrupt Weirton Steel?
-- Will further consolidation limit price fluctuations and keep the market protected from oversupply?
-- Which major steel producer is undervalued and represents a solid long-term investment opportunity?
-- Will rising raw material prices be checked in the second quarter by a continued rise in steel prices?
AND MORE
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