Stelco vs. NucorJim Cramer was on Mad Money last night and had as a guest the CEO of Nucor ( NUE on NYSE ).
Cramer recomends Nucor , a very large Steel company in the U.S. It trades at 70 dollars a share . Stelco trades at 25 dollars a share in Canadian dollars or about $20 dollars in U.S. funds . The earnings forecast of average analysts for Nucor is $8.46 a share . The Stelco forecast is $8.76 a share . Next year has NUE at $ 4.08 a share vs. $3.23 for Stelco . All similiar numbers except the price per share . Plus Nucor has a high debt . I would like to see 1) Stelco to get a NYSE listing , 2 ) Stelco to be added to various TSE indexes and 3 ) Stelco to raise it's dividend . With the Trudeau and Ford Governments spending money like water , Stelco is a very good long term hold,
Just one retired Fork Lift Truck salesman's opinion .