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Commercial Metals Company (CMC) [hlAlert]

Rating:
Buy CMC
down 55.43 %

Commercial Metals Company (CMC) rated Buy with price target $16 by Davenport

Posted on: Thursday,  Dec 18, 2008  1:25 PM ET by Davenport

Davenport rated Buy Commercial Metals Company (NYSE: CMC) on 12/18/2008. Previously Davenport rated Buy Commercial Metals Company (NYSE: CMC) on 07/07/2008.,
when the stock price was $34.06. Since then, Commercial Metals Company has lost 55.43% as of 01/13/2016's recent price of $15.18.
If you would have followed the previous Davenport's recommendation on CMC, you would have lost 55.43% of your investment in 2746 days.

Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Activities are primarily concerned with metals related activities. The manufacturing segment is the dominant and most rapidly expanding segment in terms of assets employed, capital expenditures, operating profit and number of employees. The recycling segment is engaged in processing secondary, or scrap, metals for further recycling into new metal products. The marketing and trading segment buys and sells primary and secondary metals, and fabricated metals.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2008 1:25 PM Buy
None
12.37 16.00
as of 12/24/2008
1 Week up  0.34 %
1 Month up  22.29 %
3 Months up  28.82 %
1 YTD up  4.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/7/2008 10:25 AM Buy
None
34.06 42.00
6/19/2008 1:25 PM Hold
None
38.82 42.00

(*) Stock Price at the time of the recommendation.
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