Nucor trades at 5 times 2021 ebitda of $20 a share2021 is already baked in. Using Nucor as proxy Stelco should be 5 times ebitda of $22 for 2021. That is $108 a share. Very far away from that price.
you don't day trade a stock trading at 1 1/2 times ebitda. Makes no sense to me. The numbers speak for themselves
also 52 million shares not held by bedrock and kestenbaum after recent secondary. 52 million at $33 means they can buy total company back for $1.7 billion. Less than 2 billion projected ebitda for 2021. No business trades for one times cash flow???? That's why secondary sold out and oversubscribed. Everyone is doing the same calculation.
only a recession can stop this but after 1 1/2 years of markets being closed don't see a recession. Don't think we have ever had a recession with interest rates at zero.