07.14.08: Louis, please explain AK Steel (AKS). It's A rated in PortfolioGrader, a conservative, aggressive buy, and has lost big since July 1 on no news!

As I've said to my Emerging Growth subscribers, this is a tough situation. The automotive industry in North America is playing hardball and not taking the price increases in steel lightly, which may have hindered AKS. However, the bottom line is that Detroit is paying more for steel–which is why GM raised the price of their 2009 models and average of 3.5% despite dismal sales. As long as AK Steel is being paid more for its steel, it's a great company to own! In fact, I expect this Emerging Growth stock to report record quarterly earnings because of this.