TRI Stock of the Day (MTL)
June 6, 2008
Ticker symbol MTL which is the Mechel Open Joint Stock Company of Russia traded up $3.80/share to $55.04/share. Mechel competes in the steel and iron industry and is the second largest producer of coking coal in Russia. This Russian specialty steel producer carries a forward PE of 13.55 which of course is based on 08′ earnings estimates which are projected to come in 85% higher than 07. The stock had a 3 for 1 split on the 20th of May which in turn makes the stock price more attractive to investors. Probably the two most attractive countries to be invested in right now are Brazil and Russia. Mechel is a great way to gain exposure to the steel industry and Russia at the same time.
| MTL | % Change |
| YTD | 70.00% |
| 1 Year | 370.00% |
| 2 Year | 650.00% |
