Bullish comments for Arcelor Mittal (MT)

"Lakshmi Mittal has engineered the greatest transformation of the global steel industry since the era of Bessemer, Carnegie and Thyssen....

MT plunged from 104 to 20 in only six months as recession led to a softening of steel demand for construction, industrial uses and automobile manufacturing.....

Arcelor Mittal announced a production cut of 35 per cent to exert volume discipline as the global steel market faces an inventory glut....

steel will still anchor the industrialisation of the emerging markets, particularly Russia, India, China, Brazil and the GCC. The emerging markets per capita consumption of steel will only rise in the decade ahead and Lakshmi Mittal is all about the emerging markets, with his Indian roots and turnaround successes in Indonesia and Kazakhistan......

Government infrastructure spending could also replace IT as the growth business of the next decade, from Beijing to Washington. Both trends are naturally bullish for Arcelor Mittal. " -Stock Article Link


MT stock is in the low $20's and the book value is $45 with a dividend yield above 5%+. It will still be a profitable company next year so with such a low valuation, that is your margin of safety.