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Is CSC Steel a Value Trap? (Part 2 of 2)

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Value Investing Case Study 04-2:  This post was originally meant to be a continuation of the fundamental analysis carried out in Part 1. But this post is now redundant as  I now have a May 2023 update. The May 2023 update also merged the updated part 1 with an updated part 2. So go to that article instead of reading this one in case a Google search accidentally brought you here.