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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Stelco Holdings Inc > Playing games with STLC?

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Post by fishcarrier on Oct 08, 2021 9:55am

Playing games with STLC?

Some of the price fluctuations don't make a lot of sense to me. My Reuters-Thomson says the "Forward PE (1.8) represents a 89% discount to the metals and mining group average." That tells us a lot.

They realize that the price of steel is declining, but they still predict 5.656 per share for Q3, while they expect 7.73 per share for Q.4. For the year 2021 they predict 20.65. GLTA

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Comment by marsman1 on Oct 09, 2021 2:05pm

There is a 1.6 million short position. I would think that nobody will want to be short going into the Qt. earnings because of the huge earnings , probablly a beat , and probablly a large special dividend and probablly an increase in the regular divedend plus maybe a surprise like the sale of the large land position in Hamilton. I am holding and adding as much as I can. I hate to say it but it ...more

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