For years, that's been the big impediment to buying AK Steel. |
There are no domestic steel companies immune from takeover interest. |
They've got $3.6 billion in pension and healthcare liabilities. The deal would make sense from a strategic point of view, but there are a lot of issues that would need to be addressed. It would attract pretty thorough scrutiny from the government. |
We believe the upside to results is clearly reflected in the current valuation, suggesting minimal upside to the current stock price. |
We expect Alcoa to kick off a relatively strong fourth quarter 2005 earnings season for the metals and mining sector. |