US Steel earnings disaster.. Second Quarters will show significant profit… Stock is trading at a bottom. Significant upside with protected bottom.

The earnings were not as good as expected. US steel registered its 9th loss. This angered investors who sold off the shares despite the rosy prospects for 2nd quarter.

The US steel CEO is getting a huge paycheck, and I think this company will be in a bullish rally very soon. INvestors are discounting the fact that steel sector will return strong. Utilization rate will increase in the future, and NUECOR will suffer when US Steel has its operating advantage accompanied with high utilization rate.