Post by
fishcarrier on Jun 02, 2021 9:56am
Well, that worked out pretty good
As the share price rose yesterday I sold off my stock, figuring the price would go down quite a bit today. It did, and I profited nicely. Once BMO sells off its many shares, share price should appreciate moderately until the next Quarter results are released. UNLESS Bedrock intends to dump more of its shares. Then we can do this all over again.
Comment by
extremerisk on Jun 02, 2021 10:07am
Trying to time this is tricky. Like Nucor did Stelco can easily do a major stock buyback anytime. $22 a share in ebitda and stock trades 33-34 is 1 1/2 times ebitda I plan to just add on down days with stelco. It's easily the cheapest steel out there