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8 pts

Opinion on  Mechel OAO (MTL)     Sector: Basic Materials  >  Industry: Iron & Steel
Bullish on MTL ...

Jul 16, 2008 02:57 PM GMT
Return Risk
+54.45% MID
Sr. Analyst

Sell at $60. Could keep on going up (doubled their profits from last year) but Russia is a scary place for foreign investors. If your Russian, however, keep on buying but Russia has consistently demonstrated a reluctancy to share. If oil prices drop and Russia looses power, then Mechel is a great buy. Until then, Russia holds all the cards.


MTL:  This call was made on 07/16/08 @ $47.25
Rating:   Positive   $47.25 (07/16/08)
Closed:   07/17/2008 @ $42.6 (-9.84% in 1 day)
Target:   $60.00 (+26.98%) in Three months


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Who voted on this idea?
harvs7 N/A 07/16/2008



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Ryan C previously rated MTL
Neutral/Hold +9.86% Russia needs to learn to play nice
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