Analyst CommentAs can be seen, the SP was up prior to these comments. Zechner is pretty risk adverse. As an example, he made similar comments about LSPD although it had a good day yesterday. GLTA
https://www.bnnbloomberg.ca/video/john-zechner-discusses-stelco~2225374
PARTIAL SELL
Stelco Holdings Inc.
(STLC-T)
June 18, 2021
They will generate huge cashflow. Not sure if the steel prices are sustainable at these prices. China is easing back from growth so this could hurt steel prices. Private equity that brought back STLC to market is selling some now. Earnings in 2022 will be lower than 2021 due to peaking. Gets nervous about paying a high premium.
John Zechner
Price
$33.98
Owned
Unknown