Reply to Two ViewsIsn't it fascinating to observe the divergent views of a company? 1. From 52.50 to 55; 2. From 65 to 70. The low rater projects a 10% rise from a presumed $50 stock. The other a 40% increase from the same stock if priced at $50. Seems like the difference in the mark-up on a box of corn flakes whether it's on sale or not.
I don't disagree that steel prices will come down before long. But it seems to me we're a long way away from $650 US steel prices. I suspect I will be selling this stock long before steel dips below the $959 CAN STLC made in the first quarter of this year. Car makers and bridge builders still have to ramp up production.