$AKS Looking for reversal on earnings in AK STEEL.

It has almost become a certainty that AKS will disappoint on earnings for the quarter. The stock has been on a terrible run and is now at lows from 2003, and trading at a PE ratio of 4, arguably considerably undervalued. The price in raw materials have spiked and this is a big headwind to AKS steel. Remaining investors will be eagerly hoping for a positive outlook from the earnings call where questions are sure to very direct. There is a possibility for a real turnaround on the price action with anything positive surfacing. So we sit and wait for a possible jump in price, options have been trading at the $4 level which is encouraging but very speculative.