Editorial by Fred Taub,
President,
Boycott Watch
This is in no way meant as stock
or investment advice, and this is in no way meant as a minimization of the
tragedy, but there is a hidden consumer impact resulting from the recent bridge
collapse in Minneapolis, at least in our eyes. Wit all the calls to reinforce
bridges nationally with heavy steel, there will be much engineering work
because you just can't slap steel to a bridge without engineering where the
load weight will shift and how the extra weight will affect the bridge itself.
Once these studies are completed, there will surely be an increased demand for
structural steel, thus the already profitable steel industry will rocket.
So, with the expected increased demand for steel,
prices will go up and both steel producers and processors will become more
profitable and therefore probably make more money for shareholders. We are not
stock prognosticators, nor investment advisors, nor are we making any such
predictions about any company, but from a consumer standpoint, the steel
industry will probably see a boost thus it should be a good investment. |
| |
|
|
| Advertisement: |
 |
|
|
