TSX:STLC - Post Discussion
Post by
retiredcf on Aug 20, 2021 6:43am
Burrows Details
Two links. As can be seen, he first mentioned STLC as a preference over Cleveland Cliffs, then received the specific question. GLTA
https://www.bnnbloomberg.ca/video/david-burrows-discusses-cleveland-cliffs~2262920
https://www.bnnbloomberg.ca/video/david-burrows-discusses-stelco~2262922
BUY
Cleveland-Cliffs Inc.(CLF-N)
18/08/2021
Makes flatrolled steel. Steel prices have been strong. China is focused on improving environmental impact, so it's constraining supply. Next step might be tariff on exported steel. Their loss would be NA's win. CLF could boost earnings this year. Should benefit from infrastructure and as a recovery story. He owns Stelco.
STEEL
David Burrows
$23.365
No
BUY
Stelco Inc(STLC-T)
18/08/2021
Close to $19 EPS this year. Paying down debt quickly. Pulled back to $43. With the demand for infrastructure plus capital spending, it's hard to see how steel companies won't do very, very well.
STEEL
David Burrows
$43.11
Owned
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