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. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It 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 > Dutch Auction explained...

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Post by sunshine7on Dec 21, 2021 9:51am

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Post# 34250038

Dutch Auction explained...

"Dutch Auctions are a proven, effective buy-back vehicle for companies whose securities are not broadly traded."

Candidates for a Dutch Auction often share the following characteristics:

Accumulated excess cash (for example, from a recent sale of assets) or a steady cash flow,
Stock that is currently under-priced, yet showing strong revenue and earnings growth, a situation that could be a result of under-coverage by the investment community,
Low daily trading volume, favoring a structured offer rather than open market purchases to ensure market and price stability,
Presence in a sector which is suffering under general market pressure,
The desire to reduce small (also referred to as “Odd Lot”) shareholders through the buy-back

A Dutch Auction is an offer to buy back shares for cash. — Laurel Hill Advisory