US Steel posts dramatically higher 3Q...

US Steel posts dramatically higher 3Q profit

There are 3 comments on the IBJ.COM story from Oct 28, 2008, titled US Steel posts dramatically higher 3Q profit. In it, IBJ.COM reports that:

United States Steel Corp. says its third-quarter profit more than tripled as higher prices led to record gains in its tubular and flat-rolled steel businesses, but the company expects softening demand to lower ...

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carol chambers

Dallas, TX

#1 Oct 29, 2008
Mad Money's cramer is an idiot, he convinced me along with all his viewers to sell U.S. steel, the following day after selling 4000 shares of U.S. steel , it rose by almost $ 5.00, thanks Cramer.Thanks for nothing. I will never watch mad money again, this is the second tip I took from Cramer, the first was CWTR, otherwise known as Coldwatercreek, I lost $ 12,000 on that stock. Thanks again.

Hawthorn, Australia

#2 Oct 30, 2008
Sounds like a scam Carol. You get told to do one thing while the person who told you does the other. A stock broker, who since passed away, got thrown in jail, in Aus, for doing this kind of thing along with other questionable practices.

Bolingbrook, IL

#3 Oct 31, 2008
The funny thing is, USS and the USWA have agreed on a new contract recently. According to the USWA, "The best contract in 30 years", including a $6000.00 signing bonus. Seven weeks into the new contract, they are making us take vacation the last week of the year, laying us off, or pulling a week of vacation from 2009. Mind you, USS made record profits in the 3rd Q. While they have been dumping ALOT of money into painting and landscaping the plants. The best one is most maintenance employees have been FORCED to work 60 hours a week and they have said they removed ALL contractors however they could NEVER really do this. Basically, they seem to make money by accident! Good luck should you choose to buy their stock. I would expect a merger or buyout in the near future.

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