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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

Bullboard (TSX:STLC)

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Post by extremeriskon May 30, 2021 10:28am

Steel prices stay elevated

For q1 Stelco did about 200 million ebitda on price of steel of 959.  For q2 . Q3 and q4 average is around $1500 so one can see how you get to 2 billion ebitda for 2021.  What's ...more  
209
Comment by fishcarrieron May 29, 2021 1:01pm

RE:RE:RE:RE:RE:Odd to be trading under$33

I did mention dividends, and I don't intend to hold Stelco forever. I'm not in the least suggesting that share price of the two should be equal. But over $100 a share difference? I would ...more  
126
Discussion
Comment by dieter216on May 28, 2021 8:21pm

RE:RE:RE:RE:Odd to be trading under$33

Sorry but you're comparing apples to oranges that way. Bank stocks generate regular earnings/dividends, not cyclical like Stelco. Also you have to factor in market cap / shares outstanding etc ...more  
104
Discussion
Comment by fishcarrieron May 27, 2021 6:43pm

RE:RE:RE:Odd to be trading under$33

It's strange to compare things. Watched the banks report. CIBC made over $3 a share this past Q. Stock is at about $140. Stelco expected to make nearly $4 a share next quarter, and we hope stock ...more  
130
Discussion
Comment by dieter216on May 27, 2021 3:58pm

RE:RE:Odd to be trading under$33

Exactly... I feel fortunate to have been able to pu another 2,000 shares at this price level. After the BMO transaction closes June 2nd, share price will pop back up. I'm expecting we will have ...more  
110
Discussion
Comment by fishcarrieron May 27, 2021 11:53am

RE:RE:Odd to be trading under$33

Bought a LOT this morning.Now waiting for the price to creep back up.
98
Discussion
Comment by marsman1on May 27, 2021 11:14am

RE:Odd to be trading under$33

The stock won't trade under $33 for long. BMO bot the stock at $33 so in order to resell it they will have to move the stock up. Why for instance would I buy the stock at $33 if I can buy it on ...more  
135
Discussion
Post by extremeriskon May 27, 2021 10:56am

Odd to be trading under$33

Only reason if if steels are at a top.  Credit Suisse says we are however other steel stocks Nucor,  US steel and others are  all powering higher based on infrastructure bill and still ...more  
169
Discussion
Comment by fishcarrieron May 27, 2021 10:33am

RE:RE:Financing

Adding correction: $8.253 per share.
89
Discussion
Comment by fishcarrieron May 27, 2021 10:31am

RE:Financing

According to Thompson-Reuters, Stelco is expected to earn 3.825 this quarter, and 4.428 third quarter. That's $8.313 per share. At $33 a share Mr. Kestenbaum can quite easily pay his union dues if ...more  
116
Discussion
Comment by fishcarrieron May 27, 2021 10:00am

RE:Kestenbaum is taking control

Umm...optimistic, and I like that. But maybe just a very ricj $12 a share? 
89
Discussion
Post by retiredcfon May 27, 2021 9:40am

Financing

While our SP will take a bit of a hit this morning, that's a pretty impressive financing   given that we only crossed the $33.00 threshold for the first time 3 weeks ago. GLTA
117
Discussion
Post by marsman1on May 26, 2021 8:50pm

I think

that this transaction is to  set up for a large special Div.  Maybe $4 or $5 .
134
Post by extremeriskon May 26, 2021 5:46pm

Kestenbaum is taking control

With latest sale looks like kestenbaum is taking control of company.  Nicely played.  With steel futures holding strong well out into a year from now expect Stelco to generate crazy cash ...more  
267
Discussion
Comment by fishcarrieron May 26, 2021 4:25pm

RE:New Coverage

Yes, thanks Retired! I heard parts of that on BNN this morning. You think that's why the share price picked up today? Regardless, looks good!
89
Discussion
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