AK Steel Holding Corporation (AKS) announced its second-quarter 2009 results on Jul 21.

Net losses were 43 cents per share, which was narrower than our expectations for a loss of 53 cents. However, the company had reported a profit of $1.29 in the year-ago period. Operating loss of $72.5 million in the quarter was marginally lower than the estimated loss of $75 million to $80 million.

Net sales for the quarter plunged 64% to $793.6 million on shipments of 740,600 tons, higher than the expected shipments of 725,000 tons in the quarter. But on a year-over-year basis, shipments were down about 57% from 1,737,800 tons. The average selling price for the second quarter was $1,072 per ton, a 17% decrease over the second quarter of 2008. AKS had expected the selling price to decline 3%-4% per ton.

AK Steel provided its guidance for the third quarter of 2009. Shipments are expected

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On May 22, 5-star manager Neil Hennessy gave CNBC.com his Web Exclusive stock picks. But which stock did he slam?

Hennessy offered CNBC.com exclusively a list of value stocks that are worth a look, as investors wait for oil to top out:

Tupperware (TUP) cnbc_quoteComponent_init_getData("TUP","WSODQ_COMPONENT_TUP_ID0EQD15839609","WSODQ","true","ID0EQD15839609","off","false"); , Costco (COST) cnbc_quoteComponent_init_getData("COST","WSODQ_COMPONENT_COST_ID0ERAAC15839609","WSODQ","true","ID0ERAAC15839609","off","false"); , Airgas (ARG) cnbc_quoteComponent_init_getData("ARG","WSODQ_COMPONENT_ARG_ID0ERFAC15839609","WSODQ","true","ID0ERFAC15839609","off","false"); , AK Steel (AKS) cnbc_quoteComponent_init_getData("AKS","WSODQ_COMPONENT_AKS_ID0ERKAC15839609","WSODQ","true","ID0ERKAC15839609","off","false"); and Bunge (BG) cnbc_quoteComponent_init_getData("BG","WSODQ_COMPONENT_BG_ID0ERPAC15839609","WSODQ","true","ID0ERPAC15839609","off","false"); .

So it looks to me like

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