Commercial Metals Company Is Ready To Rebound
Undervalued, Overperforming Commercial Metals Company Moves HigherCommercial Metals Company (NYSE:CMC) was not immune to the correction that swept the market this year. A mounting fear of slowing business, tightening margins, and earnings weakness drove shares to a 25% decline but that move is over. Now, trading at only 5X its earnings estimate, the stock is outperforming on all metrics and also raising guidance. In this light, the stock is due for an updraft simply to keep it in line with its ultra-low valuation but the reality, we think, is much better. The company’s performance and outlook ...