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One Reason United States Steel (X) Stock Is Lower Today
2014-12-08 21:17:09| Steel - Topix.net
"The last time oil prices were at the levels seen in today's trading session, U.S. Steel's tubular business saw a contraction in overall rig counts and began generating negative operating margins ," Johnson said, according to Barron's . "While we are modeling U.S. Steel's Tubular operating margins at just under 10% in 2015, if we assume these margins go to zero, after-tax this represents about 80 cents per share in EPS downside.
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