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Shares of Sutor Technology Group Rank the Highest in Terms of Forward Earnings Yield in the Steel Industry (SUTR, FRD, TX, CLF, HAYN)
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Steel industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Sutor Technology Group ranks highest with a forward earnings yield of 22.4%. Friedman Industries is next with a forward earnings yield of 14.0%. Ternium ranks third highest with a forward earnings yield of 11.4%.
Cliffs Natural Resources follows with a forward earnings yield of 10.0%, and Haynes International rounds out the top five with a forward earnings yield of 8.2%.
SmarTrend recommended that subscribers consider buying shares of Haynes International on December 11th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $49.37. Since that recommendation, shares of Haynes International have risen 11.3%. We continue to monitor Haynes International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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