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Investing in the steel industry
The S&P 500 has been on a tear lately, climbing more than 20% since October. While that’s been good news for most people’s portfolios, it’s made hunting for undervalued companies a challenge. The index’s price-to-earnings ratio has jumped from about 12 times earnings back then to around 14.5 times today. One industry, however, continues to be undervalued: steel.
After three stellar...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored