7 Quotes by John Tumazos
- Author John Tumazos
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We are lowering our rating on the copper industry to neutral from favorable as demand in the United States and some parts of Asia are weaker than expected.
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- Author John Tumazos
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I think steel's going to recover to robust profitability for surviving companies for the most part due to reduction in supply.
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Our revision does not guarantee that the copper market moves to surplus, but it does suggest the market is coming closer into balance.
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We are not reducing our earnings estimates or our price target, but we do not have the confidence in current copper demand to raise our copper price estimate of $2 per pound to the current copper price of $2.31 or our price target above $160.
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- Author John Tumazos
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There's a constant rate of retirees, pension and medical payments. Nucor doesn't have that, so it's tough competing with that.
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Their staffing levels are excessive, in my opinion. This isn't the first time they've laid people off, and I don't think it's the last. They are much, much leaner than they were 20 years ago.
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If neither has a great outlook its hard to say who got a better deal and who got the worse one.
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