Mechel (MTL) is now a $4 Stock
Source: http://feeds.feedburner.com/~r/FundMyMutualFund/~3/433845801/mechel-mtl-is-now-4-stock.htmlPosted on Monday, October 27th, 2008 | In Market Commentary
Contributed by: Trader Mark (http://fundmyfund.blogspot.com) -
Long time readers will remember former holding Mechel (MTL)…. I just pulled up a quote and see it is hovering just over $4. Ouch. Russia has been among the worst stock markets this year, closing their market almost on a weekly basis now. Mr. Putin didn’t help Mechel either with his “interest” in the company’s business practices.
This was once a near $60 stock. By “once”, I mean early summer.
[Jul 25: Russian Stock Market Plunging]
[Jul 24: Mechel Down 20% on Putin's Comments]
[Jul 23: Closing Mechel]
No position
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![]() About Trader Mark (http://fundmyfund.blogspot.com)
Mark is a self taught private investor, fascinated by the market since an early age, discovering mutual funds as a teenager in the 80s, and then moving to equities by the mid 90s. His equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. |




