RE:Raised forecasts
I love these forecasts and I am looking forward to higher valuations as the year progresses. I watched the video posted by "Retired" of the CEO on BNN
https://www.bnnbloomberg.ca/video/stelco-says-it-could-generate-adjusted-ebitda-of-2-billion-amid-steel-boom~2195513
and came away from that feeling more confident than ever about the prospects for Stelco moving forward. CEO Kestenbaum forcasted that q2 earnings could be 2 to 3 times higher than q1 and that q3 earnings could be 4 to 6 times higher than q1. Wow! Good times are ahead for Stelco and Hamilton.
I have been a long time Stelco follower though not always an investor. My father worked for Stelco for 38 years in the metalurgical department retiring in 1985 and I worked there in the summers in the late 70's and early 80's when I was going to school. I am now retired, though not from Stelco and I have a lot of time to follow the stock. I am cheering it on to whomever will listen to me.