Nucor Is Going (a Little) Nuclear
Nucor (NYSE: NUE) is a North American steel-making giant with a more diversified portfolio than any of its peers. Its elevated stock price reflects its popularity with investors. For conservative investors, it is probably the best-of-breed name to put on the wish list for when the historically cyclical steel industry heads lower again. But recent news suggests there might be reason to take a look at Nucor stock right now.
One thing that has always separated Nucor from its peers is its ongoing capital investment efforts. A recent investment Nucor made is a bit different and, perhaps, destined for a longer-term payoff. Let's take a closer look.
Image source: Getty Images.
Source Fool.com