Bear of the Day: ArcelorMittal (MT) – Bear of the Day
Posted on December 07, 2012 at 07:15 AM EST
We are retaining our Underperform recommendation on ArcelorMittal (MT) following its dismal third-quarter 2012 results. It turned to a loss in the quarter, hurt by weak economic conditions and lower steel pricing. Both revenues and adjusted loss per share missed the Zacks Consensus Estimates. The company announced its plans to cut its annual dividend. ArcelorMittal [...]
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