Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Russian steel miner Mechel
So what: Mechel is suffering from the Greek drama, as the company supplies a large market across Europe. Fellow European steel giant ArcelorMittal
Now what: Predicting economy swings and Greek votes is a lowercase fool's errand. Sadly, these things will continue to have a direct effect on Mechel's share prices. That being said, Mechel recently reported a stable pricing outlook and trades near 52-week lows for about five times trailing earnings. If you have any faith at all in Europe making a comeback, this would be the perfect time to start a Mechel position.
Interested in more info about Mechel? Click here to add it to My Watchlist.