Nippon Steel (ADR) Stock Forum

LittleSoldier : Yeah I have mixed feelings on the issue, while I suspect it was a good offer I’m not totally on board with handing over the largest steel corp to a foreign entity. I realize they are our allies, things change. With the Government blocking the sale, I suspect there will be some kind of bailout in the works. Trump wants to reignite manufacturing in the USA and there is the auto industry as well not to mention a boarder wall that needs to be finished, not to mention Biden’s dumb ass selling the steel for pennies on the dollar. Bringing Us steel back to its former self would mean hundreds of thousands new jobs not dependent of foreign interest. America has lots of allies that don’t always play in Americas interest!

Stock_Drift OP LittleSoldier : $Cleveland-Cliffs (CLF.US)$  wants to buy $United States Steel (X.US)$ too but for much less.

薄荷叶 : Just waiting for Trump to come to the rescue, back to 40.

Stock_Drift OP : $United States Steel (X.US)$   $Nippon Steel (5401.JP)$   $Nippon Steel (ADR) (NPSCY.US)$

薄荷叶 : Curious why Japan wants to acquire.

Stock_Drift OP 薄荷叶 : You skipped my headline, if you understand it, you understand why. It’s history that’s already in the books, they’re just persistent
Quick history lesson: by the end of WW2 Japanese rifles were not even safe for their soldiers to fire.
That’s how bad their steel was with all the embargo’s. It’s been an uphill battle for them ever since.

soyabean89 : I have been waiting for this acquisition to done deal...so much political drama. hope they can get it close successfully!

Stock_Drift OP soyabean89 : I disagree, I hope it doesn’t go through.

Stock_Drift OP soyabean89 : I don’t want Nippon owning $United States Steel (X.US)$ at all. Ever.

soyabean89 Stock_Drift OP : ok, well even if deal falls off, Nippon steel still gonna pay x some penalty fee. so still a good side for shareholder ..just not able to get the 55 per share ending

Stock_Drift OP soyabean89 : Ok.

Space Dust : going to 45..

10baggerbamm : but don't worry because when the factory shut down and thousands of workers become unemployed I'm sure it'll be plenty of really good union paying jobs and all those windmill and solar factories that they're going to be building just ask the people in West Virginia Pennsylvania how that worked out

Stock_Drift OP 10baggerbamm : Ok.

10baggerbamm Stock_Drift OP : you obviously don't remember Jim Carrey going into West Virginia and Pennsylvania when Biden took over and they stopped their plans for pipelines and oil expansion and coal plants and all these good things that were in place and they said but don't worry because you'll have plenty of good union paying jobs in the solar and wind business which never materialized because they're liars

Stock_Drift OP 10baggerbamm : I do. I’m just not engaging.