Post by
forkliftguy on Dec 10, 2021 2:08pm
I don't get it
Maybe I am getting too old . People are buying cryptocurrencies ,( which in my opinion aren't worth anything - I agree with Jamie Diamond of J.P. Morgan on that ) , Pot Stocks and High Tech stocks trading at a thousand times earnings . With Steel still trading above 1500 U.S. a ton , Stelco is making a boat load of money ( no, Make that a Ship load ) . They are trading at less than 2 times earnings . There is going to be increased home building ( according to Jim Cramer ) , electric cars manufacturing ( according to the U.S. and Canadian governments ) and bridge repairs ( I could add lots more ) going forward . I think there will be extremely good news coming from Stelco over the next couple of years . As I said " I DON'T GET IT " . Just one retired salesman's opinion .