AKS – AKS currently trades below asset values, but management is confident about their outlook, innovation, and fundamentals

• • AK Steel Holding Corporation (AKS:USA) is currently trading at valuations below UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B, implying bearish expectations for the firm. However, management is confident about their outlook, innovation, and fundamentals
  • Specifically, management generated an excitement marker when discussing their forward-looking items. Furthermore, they are confident in their key actions positioning them very well for the future, and in their focus on developing innovative products. Additionally, they are confident in their balance sheet and cash flows, and in the fact that they have been over their EBITDA average for the last couple of quarters