Is U.S. Steel Trying to Manufacture Good News?
The news flow out of United States Steel (NYSE: X) has been interesting of late, leading a Keybanc analyst to question management's motives.
That doesn't sound like a good thing. Since you're giving your hard-earned savings to a company's management team when you buy a stock, investors in U.S. Steel need to carefully consider recent events at the company.
The domestic steel industry has been softening of late. So it wasn't much of a surprise when U.S. Steel announced on Sept. 18 that results would be relatively weak in the third quarter. In fact, some of its peers, like Nucor (NYSE: NUE), made similar pre-announcements.
Source Fool.com
