Today’s Stock: Nucor Corporation (NUC)Today’s Stock: Nucor Corporation (NUC)

Nucor Corporation engages in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products.

This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, as well as engages in the steel trading and rebar distribution businesses. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for use in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business.

This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. Nucor Corporation was founded in 1905 and is based in Charlotte, North Carolina.

My Thoughts 💭 My Thoughts 💭

I had NUE on my Robinhood watchlist for a few years now. Back when i wanted to invest in the real economy I wanted to invest in steel production and landed on NUE. I never did buy any shares but I did track the 50 day moving average to see where I could potentially start my position.

As Ansel added this company to his re-industrialization portfolio let’s review the fundamentals. Is it worth spending sats on?

At 241.6k sats per share ($68,595), and a 3.2k sat per share yearly dividend. It would take 75 years to break even.

The company trades at a PE 21 which means investors are paying $21 access $1 of earnings. The stock is trading at an elevated price but far from being expensive by historical standards.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

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The fundamentals of this company are good. The balance sheet is decent, the growth prospects are okay (projected grow slower than bitcoin), trading at a reasonable valuation, pays a dividend, and in a sector that is important to construction.

The only negative is the negative free cash flow and the inconsistent revenues the last few years.

From a Bitcoiner perspective. Paying 241k sats for one share is expensive in Sat terms. But the company has good fundamentals it had the potential to have nice returns as America brings manufacturing home.

Here is the performance according to Simply Wall Street

Ansel selected a good operating business with this company.

If I had sats to spare I would start a position in this company. I like what they do and they have a good leadership steering the company in the correct direction.

Solid pick Ansel