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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (60472)	3/3/2018 12:37:44 PM
From: robert b furman	1 Recommendation Recommended By pak73 Respond to of 78476

Hi Spek, I have some KMI and like EPD as well. When Trump announced the tarriff he told the steel CEOs "I want you to build a strong steel industry". I suspect he got a behind the doors agreement that new mills will be robotic,clean,and more competitive than any where else in the world. The price of any tarriff in pipe is mute. American pipelines will be built with american workers and american pipe / his XL pipeline approval: " Build American Buy American"

To: Spekulatius who wrote (60472)	3/5/2018 9:16:07 AM
From: E_K_S	1 Recommendation Recommended By dvdw© Read Replies (3) \| Respond to of 78476

This was from an article posted in another board. Canada exports nearly 90% of its steel to the U.S., while it accounts for 16% of all U.S. steel imports, the most out of any country. By comparison, China, barely exports any steel to the U.S, with America ranking 26th as a destination for Chinese steel imports, according to the International Trade Administration. I hope this tariff thing is just POTUS posturing for the more important NAFTA deal. Our Canada trade is really important especially for their lumber. Article from ZeroHedge 3/5/2018 - Trump Slams Canada, Mexico: "Tariffs Will Only Came Off If New, Fair NAFTA Is Signed" Long term we know tariffs are not good (just read Adam Smith The Wealth of Nations) and real value (ie wealth) is created by the growing demand of all of the inputs needed to build/expand the supply chain when manufacturing products. There are lots of moving parts in this value equation (human capital is important but not the only component). I think this is just part of the the negotiating strategy to get the 'new' NAFTA deal done. We need 'fair' trade. My new value bet in February is in Weyerhaeuser Company (WY) Lumber/Timber and their finished products. This story is out today too: Worsening Lumber "Supply Crisis" Is Driving Record Home Prices Higher Let's hope we get a fair new NAFTA agreement w/ no unnecessary tariffs. EKS