RE:RE:I missed todays First time I can recall stockchase using the 'Sell into Strength' caption. The key point is their expanding margins which contributes heavily to their bottom line. Agree that we're likely good at least until YE. GLTA
SELL INTO STRENGTH
Stelco Holdings Inc.
(STLC-T)
June 22, 2021
He bought it early last year, because they opened a new furnace in Hamilton. Fundamentally, they're basking in higher steel prices, but can they stay high? The new furnace expands their margins a lot. Sell at high-30s/low-40s, because this is a cyclical stock.
Michael Hakes - CFA, MBA
Price
$35.450
Owned
Yes