Mechel Retained At Underperform
We are maintaining our Underperform recommendation on Mechel OAO (NYSE:MTL). The company’s revenues jumped 28.7% year-over-year to $12.5 billion in 2011. Its consolidated net income also grew from $657.2 million in 2010 to $727.9 million in 2011, a roughly 11% surge. However, there is more about Mechel than what meets the eye as the threats [...]
We are maintaining our Underperform recommendation on Mechel OAO (NYSE:MTL). The company’s revenues jumped 28.7% year-over-year to $12.5 billion in 2011. Its consolidated net income also grew from $657.2 million in 2010 to $727.9 million in 2011, a roughly 11% surge.
However, there is more about Mechel than what meets the eye as the threats and weaknesses are substantial enough to hinder its progress in the long-term.
The company witnessed growth across the board in 2011, overcoming headwinds in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards