US Steel (X) I don't understand why it's so low.

I sell hot dogs. Earlier in the year my weenies are selling like crazy. So, each day I up my weeny selling by 5 hot dogs....

All of a sudden nobody is eating my damn weenies. WTF. So now I have all these weenies...i'm making less profit and it doesn't look like i'll be selling weenies for another 2-3 years like I use to.....

Other vendors tell me my weeny cart is now worth much less....so therefore, compared to everyone else around me...i'm worth much less.

Oh and don't even get me started about hamburgers.

Yeah! They started substituting it with horse meat!

there is no sense in looking at the p/e it has one now but they already said that they will have a q1 loss and it has gotten worse since then so q2 will probably be a loss too. so considering that it will be very hard for them to even post a profit for 09. look at nue they lost a bunch. say they loose 200m in q1 then 50m in q2 then profit 100m q3 and profit 200m q4. thats 50m profit for 09 at thats .43 per share profit. apply the industry standard 5.33 p/e and you get 2.29pps. now theres no way i would think x is headed there but 14-15 is possible if things dont get better in the houseing and auto industry.

if useing the standard 5.33 p/e to be at 20 x would need to be at a profit of 3.75 per share. thats 436m profit on 09. if q1 if a loss as they say and it comes out to be a conservitive 100m loss that means they have to make 536m over the next 3 quarters. also with the warning from gs saying they could default on their debt that doesnt help either.

also when x was at 196pps it had a p/e of about 11. the economy needs to be much better to get people paying a 10+ p/e

i still like x but trading it is much safer.

I work in a construction trade, I work with metals, I do sheet metal.
I work along side IRON WORKERS, we both aren't working right now, they aren't building anything, no new buildings are going up, no new casinos in Las Vegas, steel is not selling right now.

This is why this stock is down, because no one needs or is using steel right now.

Just like furniture stocks, who wants to buy new furniture when it is hard even paying house payments?

This is why furniture stocks are down.
And new home construction stocks.

Look outside man, nothing is being built, our economy is crap.

It seems like the war going on it should come back. Fill free to throw something out there.

Eventually everyone will turn around and see how oversold everything is. Oh wait thats happening already.

so what happened in the last two months thats made this 3x the share price?

ya obviously ppl noticed.