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TimkenSteel Corporation (TMST)

NYSE - Nasdaq Real Time Price. Currency in USD
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13.33-0.34 (-2.49%)
At close: 4:00PM EDT
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  • E
    Equalizer
    Load up before 3rd straight earnings beat next Thursday.
  • S
    Skeeter McGee
    How’s everyone feeling about this one as we hold?
  • n
    natarajan
    Any reason for today’s 7% drop?
  • A
    AJAY
    does anyone has insight into why it has dropped so much lately?
  • W
    Woody
    I’m glad to see this coming back; I’m long on this stock as I don’t see any letup in demand for steel. Commodities are on the rise in general; anybody tried to buy any lumber lately?
  • W
    Woody
    What’s driving the stock down this week? All I’m reading is an article about talks with the steelworkers union, but I don’t see anything out of line here…
  • E
    Equalizer
    Where’s the joker who was telling everyone to get out at $13?

    Easily gonna take out $20
  • j
    john
    The market can throw a tantrum all it wants...steel pricing is still not dropping. i had sold a CLF July $20 covered call option that I was hoping to close today but couldn't because it is still $2.50 even though CLF dropped below $20 today.
  • K
    Kevin
    Boy how smart was it to split the company from Timken back in 2016. Notice the "activist shareholder" who proposed the split is NO LONGER a shareholder. Only matter of time before company sold. Board has no loyalty since no Timken family members are involved it running business. SAD since this company mfgs a great product.
  • W
    Wei
    This company has some attractive assets that no other companies can do. Forget about the financial results. In one year, the price can be easily doubled/tripled.
  • j
    john
    Just cancelled my June 18 $17.50 cover call... because I am certain this will be at $20 very soon. China is actively increasing tax on exporters to keep steel in China, and it is encouraging steel imports by lowering import tariff. No wonder Daido is buying Timken Shanghai to be a key distributor. The steel cost increase isn't temporary, it is just going to get worse.
  • j
    john
    If infrastructure bill is pushed through, all basic materials pricing will continue to push higher and that will benefit companies like CLF and TMST. CLF already over $20. I am sure TMST will soon follow. Can't wait for Q1 earnings call.
  • j
    john
    Timkensteel if restructured correctly, should be able to earn a net 5% income. And with a 10 P/E, company should be valued at ~$9.36. If just sold as in, book value is $11.71.
  • j
    john
    Q2 update: 527M shareholders equity / 45M shares = $11.71 / share book value. $3.81 is a great buy.
  • J
    J
    Is it unreasonable to think that with good earnings and positive projections for the next quarter that we might see the low 20s again here soon??
  • S
    Stephen
    I am new to $TMST, and was startled today to read that the June 14 ValueLine summary projects price appreciation 3-5 years out at 500%-835%. I was even more startled when a very quick look at the company suggested serious problems (there are too few recent comments on this Yahoo board to give me a sense of the issues). I will do my due diligence, but wonder what the longs here think about ValueLine's projection (I realize most longs are probably focused on much shorter time periods.). I have great faith in ValueLine, but the five year chart isn't encouraging, and VL analysts can't always be right.
  • p
    popeye
    TMST - Buyout? Who knows. But I* will make the case for it.
    - CLF already has approved 600 million treasury shares.
    - They could easily buy TMST with NO CASH via stock exchange.
    - CLF already has done this.
    - CLF could eliminate at least 1/2 of back office with significant synergies.
    - CLF also has the largest auto presence in north America and could significantly increase TMST's footprint in that sector.
    - CLF could provide all raw materials at cost (or intercompany @ 8% to 10%) depending on how deal is structured.
    - CLF has repeatedly stated the desire for high valued added products.

    Easily could be accretive day one which makes it a "BUYOUT TARGET".
  • c
    c mac
    Does anyone know what is going on with this company? Looks like something good is happening to this undervalued steel maker.
  • L
    Lance
    no offense to Keybank,...but this move is not from the upgrade...guess the time has come...hopefully its good news
  • J
    Jorge
    What made Timpken the great bearing company that it is today?
    I would venture to say ,"The quality of their steel".
    That is what is on sale today.
    What really made America great? The quality of their steel.
    In these uncertain times I would certainly sleep better knowing that I depend on US steel rather than cheap Chinese scrap recoveries.