EPS Estimates & Prices Realized We've had several US Steel producers announce results (US Steel today) and their prices realized are below current spot or prices during Q3. On average I am seeing $1320 USD across the 4 Steel Producers I follow. This a result of long term contracts that the mills sign. Silver lining is the higher prices for longer rather than 1 quarter blip. If I use 1320 USD in my estimate for Q3, I see about 650 million CAD profit before tax. I have no idea what the conditions are on using the tax attributes but let's say there are 2 scenarios. 1 (No tax). EPS of $8.2 CAD per share. 2 ( 25% Tax) EPS of 6.1 CAD per share. If they had ~ 250 million in Cash at end of Q2, used 400 million to buy back 13% of the shares and now have earned 650 million ( no tax scenario). They should be sitting on 500 million of Cash on the balance sheet. About 15% of their market cap. I say that because I like limiting my downside risk. If a company has that much cash, it puts a floor on their share price. Anyways. Bottom line is EPS forecast of $8.2. Anybody else want to post their EPS estimates?