Steel counter at a steal...

This is one counter that basically all investors should have at least for 6 months down the road...

Well, standing at NAV is $2.19 with relatively good track record and with a PE of about 6.5 this stock is a steal at $1.47(today's closing).

With the cement price cap lifted last month, steel price is still capped... but will this be history soon?...i believe so.

Why?...here a a few...

1) With so much constructions involved in 9mp, the gov just cannot afford to let the steel issue cripple the flow of those projects which is crucial for the development of the country...

2) Developer cannot absord the price difference no more...

3) Illegal transaction are rampant due to shortage...

4) Small developers will wind up and the Gov will be blamed and this is not good for the feel good factor nor the election...

So conclusion...buy.....lots of them and keep.