Bullboard - Stock Discussion Forum Stelco Holdings Inc STZHF

Primary Symbol: T.STLC

Steel Steel

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge... see more

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Comment by dieter216on Aug 13, 2021 5:36pm

RE:Implications of share buyback

...understatement

Discussion

Post by prabhatmalikon Aug 13, 2021 3:30pm

Shorts have taken over

The trading pattern signifies that shorts have taken over. So from now on it starts going down rather going up for a while.

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Discussion

Comment by fishcarrieron Aug 13, 2021 1:03pm

RE:Implications of share buyback

More to add. This transaction closes on Monday. That means the company will also save the 20 cents dividend. That times 11.4 M = $2.28 M. Soon analysts will have to revise their forecasts of future ...more

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Discussion

Post by Blueswinon Aug 13, 2021 12:00pm

To quote myself from July 8th

I wish I had nore to invest too but I don't. I wonder is Stelco's leadership doesnt do a Dutch auction like West Fraser Timber just completed or if they will buy "Bedrock Industries ...more

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Post by fishcarrieron Aug 13, 2021 10:53am

Implications of share buyback

This is an amazing turn of events. 11 M of the 88 M shares will be retired. That's about 12.5%. So, the shares should rise by 12.5% if we forget the millions of cash that comes off the books. Make ...more

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Discussion

Post by marsman1on Aug 13, 2021 10:31am

I repeat

How do you like them apples John Zechner? lol ( from the movie Good will Hunting)

Comment by extremeriskon Aug 13, 2021 9:01am

RE:Share buyback

Very tough to buy back 13 percent of stock in traditional way. Wow what a great deal for Stelco! Kestebaum is second smartest guy in world. Musk is first. shares o/S go from 89 to ...more

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Discussion

Post by dieter216on Aug 13, 2021 8:57am

There goes that mystery...

of what to do with the current stock pile of cash. This is excellent news, and will add much more shareholder value to the public shareholders like ourselves. Way better than a special dividend ...more

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Post by fishcarrieron Aug 13, 2021 8:12am

Share buyback

Stelco is purchasing over 11,000,000 shares from Bedrock for just under $35 per share. Shares to be retired. See Stelco note. So, this won't affect the public float.

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Discussion

Post by retiredcfon Aug 13, 2021 8:03am

CEO on BNN

Cost disclipline won't fall by the wayside even as steel prices rise: Stelco CEO The surge in steel prices has been a boon for Stelco, sending revenue surging. In spite of the extra cash in its ...more

Post by retiredcfon Aug 13, 2021 8:00am

Another Upgrade

8/12/2021 Cormark Boost Price Target C$63.00

Post by retiredcfon Aug 13, 2021 7:20am

Top Gainers

Symbol/ Company Price $ Change $ Volume Data delayed at least 15 minutes, as of 12/08/2021 4:10 PM ET | All market data delayed ...more

Post by retiredcfon Aug 12, 2021 10:12am

BMO Upgrade

RBC’s Alexander Jackson raised his Stelco Holdings Inc. target to $59 from $54 with an “outperform” rating, while BMO’s David Gagliano hiked his target to $60 from $50 with an “outperform ...more

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