Best Forestry Companies To Invest In Right Now

Best Forestry Companies To Invest In Right Now: Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The High Performance Metals segment provides various high performance alloys, including nickel- and cobalt-based alloys and super alloys; titanium and titanium-based alloys; zirconium and related alloys, such as hafnium and niobium; other specialty alloys primarily in long product forms of ingots, billets, bars, shapes and rectangles, rods, wires, and seamless tubes; and precision forgings and castings, and machined parts. The Flat-Rolled Products segment provides stainless steel, nickel-based alloys, super alloys, titanium and titanium-based alloys, and specialty alloys in various product forms comprising plates, sheets, engineered strips, and precision rolled strip products, as well as grain-oriented electrical steel sheets. The Engineered Products segment produces carb on alloy steel impression die forgings, and grey and ductile iron castings, as well as provides precision metal processing services, such as grinding, polishing, blasting, cutting, flattening, and ultrasonic testing. The company serves various markets, including aerospace and defense, oil and gas, chemical process, electrical energy, medical, automotive, construction and mining, food equipment and appliances, transportation, electronics, communication equipment, computers, and machine and cutting tools markets; and other markets requiring tools with hardness. Allegheny Technologies Incorporated sells its products through direct sales and independent representatives. The company was founded in 1960 and is based in Pittsburgh, Pennsylvania.

Advisors' Opinion:

• [By Ben Levisohn]

  In our late October report on X, we noted the Company was “scratching the surface” on operational improvement, an! d we expected shares to edge higher over the near term. While X shares have appreciated by 16% since that report vs. the S&P 500 of +4% and the [Market Vectors Steel ETF (SLX)] of +3%, we believe shares have more room to run based on our positive carbon hot-rolled steel pricing revisions for 2014: meaningful raw material cost tailwinds (coal, scrap, iron ore); low Street EPS and EBITDA expectations for 2014-2015; an ever-increasing interest rate environment (benefits for pension exposure); more evidence of European macro stability; and above-average likelihood of incremental operational efficiency announcements such as a joint venture or tolling agreement with Allegheny Technologies Incorporated (ATI).

• [By John Persinos]

  The standout stocks in this segment are Hexcel Corp. (HXL), the leading producer of carbon composites, and Allegheny Technologies (ATI), which dominates the market in titanium.

• [By Russ Krull]

  Specialty metals producer Allegheny Technologies (NYSE: ATI  ) rolled out $500 million in 10-year paper. The money will be used for "general corporate purposes, which may include repurchases, repayment or refinancing of debt, capital expenditures, additions to working capital, the financing of future acquisitions or strategic combinations." It's good to see that's nailed down.

• [By John Divine]

  Lastly, shares of materials company Allegheny Technologies (NYSE: ATI  ) slipped 3.1% for a third straight day of losses. The week's earlier data from China initiated the slump, as investors fear sluggish industrial production in the Far East will either spread to the West or limit demand in high-growth markets abroad. Credit Suisse also lowered its price target for the stock today, citing an increase in nickel supply.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-forestry-companies-to-invest-in-right-now-2.html