Warren Buffett liebt Posco

Lebt diese Forum noch? Trage mich mit dem Gedanken eines Einstiegs, da der Kurs momentan sehr attraktiv erscheint. Im September hatte HSBC eine lange Anaylse zu Posco:

Still positive from a medium- to long-term perspective. Current share price still offers good medium- to long-term return opportunity, in our view, given its 1) solid cash generation from economies of scale and high product quality, 2) plans for 23% capacity expansion until 2015 and 3) leadership in the profitable domestic market. We expect POSCO’s parent operating profit to decline 20% q-o-q to KRW850bn in 3Q12 from KRW1,057bn in 2Q12 due to weaker export price and remain flat q-o-q to KRW844bn in 4Q12 due to continued thin margin from external headwinds. Meanwhile, our China metals analyst believes the immediate impact of China’s stimulus (RMB800bn infrastructure project approval on 5 September 2012) on metals
demand will be slight (see Mine & Dime of 7 September).
Likely to fend off competition in auto steel. We expect POSCO to maintain over 9% of
parent operating margin and 7% of ROE until 2014, given its leadership in the domestic
market. Even in the auto steel market, where competition should intensify due to capacity
addition by Hyundai, POSCO could grow by 1) increasing sales to Japan to 1.6m ton in
2014 from 0.8m ton in 2012 as Japanese auto makers would use POSCO’s steel more to
improve cost competitiveness and avoid relying too much on one supplier after the merger
of Nippon Steel and Sumitomo Metal, 2) seeking new customers besides Hyundai,
Renault Nissan, and GM and 3) diversifying into emerging markets.
Global crude steel production capacity to increase 23% until 2015e. In India, POSCO