Stock Analysis: Nucor Corporation (NUE)

Nucor Corporation is engaged in the manufacture and sale of steel and steel products. As the largest minimill steelmaker in the U.S., Nucor has one of the most diverse product lines of any steelmaker in the Americas.

Like many industrials, NUE’s earnings and cash flow have declined over the last two years. However, the company is well managed with a solid share in its markets, a very low ratio of total debt to capital percentage and a very diverse product mix. The company’s pay-for-performance and low-cost operations have helped mitigate weak demand in the most recent downturn. The stock is currently trading well above my buy price of $26.72. NUE is a great company, but this is not a great time to buy.

Source: Dividends Value

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