The stock of Nucor Corporation (NYSE: NUE), one of the largest steel mills in the United States, has fallen hard lately. Down more than 55% from its early 2018 highs, investors have an opportunity to add a great company to their portfolio at a pretty good price. Here are five charts that show the value that Mr. Market is offering up for those intrepid enough to invest when others are fearful.
Nucor operates in the cyclical steel industry, which tends to track along with the U.S. economy's ups and downs. The company's financial performance, as you would expect, swings from strong in times of economic expansion to weak during recessionary periods. It's just how things go for Nucor and its primary domestic peers United States Steel (NYSE: X) and Steel Dynamics (NASDAQ: STLD).
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Source Fool.com