Bullboard - Stock Discussion Forum 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... see more

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TSX:STLC - Post Discussion

Stelco Holdings Inc > Financing

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Post by retiredcf on May 27, 2021 9:40am

Financing

While our SP will take a bit of a hit this morning, that's a pretty impressive financing given that we only crossed the $33.00 threshold for the first time 3 weeks ago. GLTA

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Comment by fishcarrier on May 27, 2021 10:31am

According to Thompson-Reuters, Stelco is expected to earn 3.825 this quarter, and 4.428 third quarter. That's $8.313 per share. At $33 a share Mr. Kestenbaum can quite easily pay his union dues if he's making 25% on his investment by end of September. Yes, could be a special dividend too.

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