Why Is No One Talking About This 21st Century Materials Stock?
It sure doesn't boast the most attractive financial metrics at the moment, but Allegheny Technologies (NYSE: ATI) appears to be making all the right moves in its ongoing turnaround strategy. While year-to-date gains of 55% show Mr. Market has at least partially acknowledged the effort, I suspect the company is still flying under the radars of most investors.
Recent events -- from new product launches to significant debt reduction -- hint it's time to start taking a closer look at the 21st-century materials stock. When combined with continued strength in key markets and improving selling prices, 2018 could prove to be the year shareholders reap the long-awaited rewards from the difficult and painful decisions made in recent years.
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Source: Fool.com