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Wednesday, November 27, 2024 |
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Jim Cramer still wants to own AKS |
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John Beagle 
MUSA Official 
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
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 Topic: Jim Cramer still wants to own AKSPosted: Sep 26 2007 at 4:09pm |
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Said Jim Cramer,
AK Steel (AKS - Cramer's Take - Stockpickr - Rating): "When you look at the weak dollar, let me tell you something: I think that a Posco (PKX - Cramer's Take - Stockpickr - Rating) from South Korea or an Arcelor (MT - Cramer's Take - Stockpickr - Rating) could snatch this company up at $60 bucks, and it'd still make sense. I want to own AK Steel. I want to own it."
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Bill Rogers
MUSA Resident 
Joined: Apr 24 2007 Location: United States Status: Offline Points: 225 |
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Posted: Sep 27 2007 at 9:03am |
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That makes two of us.
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arwendt
MUSA Official
Joined: May 17 2007 Location: United States Status: Offline Points: 588 |
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Posted: Sep 27 2007 at 9:23am |
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That's nice that he thinks AK is that solid, as that means the company and its employees have a future. But the sad thing here is that he starts his statement with "When you look at the weak dollar". In a few years the weak dollar will make our current problems seem like the good old days. |
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“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
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Posted: Sep 27 2007 at 11:16am |
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I think the weak dollar helps us sell products made from US made steel overseas. I think a continuing weak dollar is good for the US. I encourage our administration to continue that policy.
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Rhino54004
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Joined: Nov 03 2007 Status: Offline Points: 10 |
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Posted: Nov 25 2007 at 1:02am |
Some say there is a threat that other countries will dump our weak dollar, you don't think that's something to be concerned about? |
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John Beagle
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Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
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Posted: Nov 26 2007 at 12:40pm |
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Yes, I am concerned that OPEC will switch to the euro. This could cause oil to increase in cost in the US, since it will take more dollars to buy a barrel after the exchange rate.
This is a consequence I had not consided previously. But I am concerned now.
Why do our presidential candidates not make the weak dollar an issue?
What is more important than this to our economy?
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Rhino54004
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Joined: Nov 03 2007 Status: Offline Points: 10 |
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Posted: Nov 26 2007 at 1:04pm |
I think the only one who has made it an issue is Republican Ron Paul. |
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arwendt
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Joined: May 17 2007 Location: United States Status: Offline Points: 588 |
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Posted: Nov 29 2007 at 1:51pm |
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Not to get to far off the AKS topic but in my opinion the economy, including the energy problems, the weakening dollar, the trade deficit, the budget deficit, the credit crisis, and the continued move of manufacturing jobs to offshore venues, should all be looked at as a national emergency, if not a threat to our national security, by all the candidates. |
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