Is Nucor Stock a Buy?
Shares of U.S. steel giant Nucor (NYSE: NUE) are down about 25% so far in 2020 and roughly 40% from their 2018 highs. But they are also up 30% or so from their March 2020 lows. Is the stock still in buying territory, or has the opportunity to invest passed? Here's a quick look at some key facts to help you decide.
Nucor is the largest and most diversified steel maker in the United States. It uses highly flexible electric arc minimills, which, to simplify things, make it easier to adjust to industry-wide supply and demand dynamics than the older blast furnace technology that some key peers use. In addition, the company has a unique pay structure that incorporates a profit-sharing component. In good times it tends to pay higher-than-average wages, in bad times employees feel the pinch along with Nucor -- giving it a break on costs right when it most needs one.
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Source Fool.com
