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 > I can't believe he's going to the same playbook

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Post by SleepingGiant64 on Jul 27, 2022 11:27am

I can't believe he's going to the same playbook

Step one: Put out press release indicating a 'material' decline in Q3/4 that everyone can already see in HRC prices.

Step two: Go on BNN and do the same song-and-dance as in Jan

Step three: Launch a gigantic SIB

Step four: Keep talking down the company in the conference call

I mean, c'mon. I love Alan but this playbook isn't going to work again. I'll be surprised if they get 3% of the shares. You can already see the market betting they'll have to raise the range. Meanwhile, every other steel CEO in North America is seeing good demand.

It's all a bit of game but I'm a long-term holder so I just think it's kind of funny. I'm certainly not selling at anything sub-$60.

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