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5 Overpriced Stocks to Ditch Now

It's a fool's game to hold these stocks. Get out while you can.

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U.S. Steel

USSteelLogo 5 Overpriced Stocks to Ditch NowThe economy is barely ticking, and holding a commodity producer right now is risky. U.S. Steel (X) is going to report a loss this year, but hey — supposedly it’s going soundly back to profitability next year.

I’m not so sure.

U.S. Steel has $3 billion in debt and is barely generating any FCF. Meanwhile, everyone’s cheering a supposed rebound in steel … but X shares have also rebounded 40% in just a few months, putting the cart before the horse.

At $27, U.S. Steel is trading at a valuation that’s just not supportable.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/5-overpriced-stocks-to-sell/.

©2014 InvestorPlace Media, LLC

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