This Stock Has No Business Being This Good and It Just Keeps Going

There are some companies that seem to defy expectations, no matter what adversities are thrown at them. Nucor (NYSE: NUE) is one of them. The steel mill was born from the bankruptcy of another business, and it has become one of the most consistent companies in an industry known for its high cyclicality. The company's winning formula is still paying dividends for investors.Nucor is a steelmaker, but the key is in how it makes steel. The old method is blast furnaces, which are inflexible and expensive to operate. Nucor helped popularise the new method, electric arc mini-mills. Nucor's mills are highly flexible, allowing them to ramp up and down more easily with demand. This simple fact has created a business model that is highly resilient through the entire steel cycle.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool