From Motley Fool Stelco Holdings (TSX:STLC) made a prudent move for investors this week. The company bought back 11.4 million shares at around a 26% discount, according to some analyst recommendations. The deal enhances earnings per share and drives up the share price in the meantime. This is already on top of share growth of 437% in the last year!
Analysts are unanimous in this company outperforming the market. Yet it remains cheap given all this future growth, with a P/E ratio of 12.2 as of writing. As the company continues to add significant free cash flow day after day, the company could be up to repurchase even more shares within the next year. That makes it one of the best Canadian stocks around today.