Stelco Holdings Inc STZHF

Primary Symbol: T.STLC

Steel Steel

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.

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Stelco Holdings Inc > Everyone up except Stelco

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Post by extremeriskon Sep 22, 2021 7:29pm

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Post# 33902979

Everyone up except Stelco

Mr Market trying to fool us. This stock was 3.75 last March 2020. CEO didn't flinch than. He has the poker face.

key I see is federal reserve comments today which were bullish. Price of steel still strong. Stelco cost at $600 HRC and at today price revenue is $2500 cdn. That is some significant profit and cash flow generation going on now for Stelco.

Prem Watsa should buy more. Likely too many retail shareholders here that shorts can play around with. Stelco stock needs more institutional ownership IMO.
Alternatively just back back more stock and reduce float further
Dont see any negatives here. Ebitda is now around$26 a share so we are at 1.5 times. Don't know any companies that trade there.