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Strategies & Market Trends : Value Investing

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To: fp_scientist who wrote (25595)	4/17/2007 11:09:10 AM
From: Paul Senior	Read Replies (1) of 79155

Steel co. TX. Uh oh. "Venezuela's government is considering securing a majority stake in the private steel company Sidor in order to assume control, the country's vice minister for mining said Monday." biz.yahoo.com If the gov't does this and then directs steel business to preferred customers, that should drop profits of Sidor, imo. Maybe even cause losses. Losses that will perhaps be shared by the gov't (in its controlling ownership) and the reduced percentage ownership by TX. I don't know what part Sidor makes up of TX steel companies, but TX seems diversified in Mexico/South America. And controlling stakeholders (of TX) appear to be pretty sharp. I don't see TX stock - spiking down today - going up. Maybe dropping further as gov't implements their socialism. Still, even with Venezuela/Sidor issues, I'll bet that management of TX will be able to steer the corporation to better days eventually. Now if I can only hold on that long.

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