Jan 27, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Steel industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Sutor Technology Group ranks highest with a an earnings yield of 22.5%. Following is Great Northern Iron Ore with a an earnings yield of 21.2%. Cliffs Natural Resources ranks third highest with a an earnings yield of 13.1%.
Ternium follows with a an earnings yield of 10.7%, and Friedman Industries rounds out the top five with a an earnings yield of 10.4%.
SmarTrend recommended that subscribers consider buying shares of Ternium on October 18th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $20.67. Since that recommendation, shares of Ternium have risen 13.7%. We continue to monitor Ternium for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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