strange tradingThe stock traded about 2 mil shares in the last couple of minutes on friday. Are the sellers done selling? should be interesting on Monday as the stock goes into the TSX Index. Index buying?
As for the analysts , I don't buy into their projection on steel prices going foward. NOBODY knows. In any case 1 or two years out is a long long time . And even if steel prices come down , they are still going to make huge money. My hold/buy rating is based on the next six months , and what are they going to do with the HUGE money they are going to make this year. My guess is a huge special div. maybe $5 dollars and a stock buy back program. I still project a $50 to $60 dollar price and an outside chance that they get bot.