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

Add To Watchlist

TSX:STLC - Post Discussion

Stelco Holdings Inc > Stelco CEO Warns North America Market a 'Falling Knife'

View:

Post by Jasonuw on Jan 20, 2022 4:11pm

Stelco CEO Warns North America Market a 'Falling Knife'

https://www.bloomberg.com/news/articles/2022-01-20/top-canadian-steelmaker-stelco-warns-market-is-a-falling-knife

209

Comment

Comment by Bamsmba on Jan 20, 2022 5:02pm

Well... we have ourselves a poker player as a CEO and her certainly knows how to bluff. I am thinking of buying back som of the shares we sold earlier at much higher levels. It makes me wonder what they are going to say at the conference call next month when they close out the year with about twenty bucks in earnings, the most efficient mill in North American and perhaps half a billion dollars in ...more

126

Comment

Comment by marsman1 on Jan 20, 2022 5:29pm

Yes they will report great 2021 earnings but what about 2022 ? If steel keeps going down they could actually lose money for 2022. I thought $32 ish might be the right buy back price .now who knows , maybe $25 ish. In any case I will just watch and wish the best of luck to the great people on this board

127

Comment

Comment by extremerisk on Jan 20, 2022 6:01pm

Tomorrow option expiry day which I think is fooling the markets overall. I plan to add Stelco tomorrow. Jan 26 is deadline on buyback and with higher volumes looks like is happening between 31 and 37 a share. 1 billion is cash divided by 70 million shares is $14 in cash. Share price of 33 less 14 gives you $19 a share. This is now under 1 price earnings. Only ...more

160

Comment

Comment by Reitguy on Jan 20, 2022 6:04pm

They could actually lose money for 2022? Im willing to take that bet. As one of the lowest cost producers if they lose money most producers lose. There are obviously factors that nobody can predict with certainty but im willing to bet things will stabilize. Q3 numbers were fantastic q4 should be very good and q1 should be very respectable. If we don't buy back any ...more

150

Comment

Comment by Jasonuw on Jan 20, 2022 6:59pm

Stelco won't have a billion dollars when they report. Probably in the 800-900 million range pre buyback. They had 410 million cash in Q3. Probably going to earn 450 in Q4 and they are spending 250 on the buyback. 400 + 450 - 250. I'm guessing 800 on the earnings date because of the inventory build. Post buyback- they will have 550-600 million. And steel prices HAVE fallen off a cliff but ...more

179

Comment