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Bullboard - Stock Discussion Forum Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

Stelco Holdings Inc is a steel company. It is engaged in the production and selling of steel products for customers in the steel service center, appliance, automotive, energy, construction, pipe and tube industries in North America. The company's product offering includes Stelco Hot Roll Products, Hot Roll Automotive, Stelmax 80, Stelmax 90, Stelmax 100.

The Market Herald Price Sensitive
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@ the Bell: Summer blues for TSX, Wall Street sees worst half since 1970
On the last day before the Canada Day long weekend, the TSX finished lower by triple digits in broad-based decline as commodity prices fell. Energy and base metals led decliners, while near 20 per... read article.
Buzz on the Bullboards: Sizzling sector highlights
It has been a sizzling few days recently for most of North America, both weather-wise and for investing discussions. The markets face a rate hike in the U.S., ongoing inflation, rising oil and... read article.
@ the Bell: Markets across the globe see red
Canada’s main stock index was down by triple digits come Wednesday’s close, amid losses in the energy, base metal, and technology sectors. Telecom and industrials moved higher. ... read article.

Paid to wait

At least we are getting a div while we wait for the market to recover; as it will at some point. I don't lose sleep owning STLC as I do with some of the no hopers I own which rely on a belief in...read more

RE:RE:RE:If they're gona buy back stock...

Find the latest Barron's stories on MW for well-rounded coverage and more expert financial advice you can trust. The 8 Best Bargains in the Stock Market Now Last Updated: June...read more

RE:RE:If they're gona buy back stock...

Could not agree more with the buying back more shares since they will be very close to trading at cash value by the end of the year. To think, if I had the credit and reputation, I could walk into my...read more

RE:If they're gona buy back stock...

There's no sign of activity on the NCIB lately. Alan is very sensitive on the macro side so he might be looking to build a war chest given the recessionary headwinds.  rate and reply

If they're gona buy back stock...

..with all cash, now might be a ood time to do it.  rate and reply

RE:Bought back what I sold

Excellent choices IMO, I hope you do well on all of them, including Stelco.   rate and reply

Bought back what I sold

last week around US$5.8 dollars cheaper.  Also added to Interfor and Toumaline.  GLTA  rate and reply

New Press Release - Stelco Announces Voting Results of Annual Meeting

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Stelco Holdings Inc. (“Stelco” or the “Company”), (TSX: STLC) today announced the voting results from its annual general meeting (“Meeting”) of shareholders (“Shareholders”) held today. The seven (7...read article.

RE:Can anyone explain....

Stelco is falling with the rest of the economy. Seems hard to believe how a company continuously breaking quarterly profit record and with a newly announced $518M profit from a land sale could be...read more

RE:Can anyone explain....

Sometimes when the market goes down it just takes everything with it. I am considering getting back in after lots of good news of late with STLC.  rate and reply

Can anyone explain....

..why, after the land sale announcement, the price has dropped so much?   rate and reply

Bottom line is where we want to see it

If this deal doesn't fflow to the bottom line then it is a scam. I want to see it reflected in the SP or a special dividend.   rate and reply

RE:RE:RE:RE:RE:Land Sale

Regardless of price, this equates to $7.20 per share in cash that is now available. Nice to see a small jump in share price yesterday, but the company now has roughly $20/share in cash on hand...read more

RE:RE:RE:RE:Land Sale

Did they get three independent bids and is this the best they could get???  rate and reply

RE:RE:RE:Land Sale

Way way to low.  Lake front property selling for 0.6 million per acre in a red hot real estate market is way to low.  Who is the buyer of this land.  Need to do some DD.  Are they...read more

RE:RE:Land Sale

Now we know.  rate and reply

More Cash on hand

Add to the previous post an additional $518M from sale of lands.  This leaves Stelco with an enormous amount of cash on hand with no stated intended use of the cash to enhance shareholder value.&...read more

New Press Release - Stelco Closes Sale of its Hamilton Lands

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTransaction highlights include:Gross proceeds of $518 million received by Stelco Inc.Leaseback of land underlying Stelco’s value-added steel finishing operations on favourable terms for 35 years, with renewal...read article.

RE:RE:Sitting on a gold mine

Not missing anything, you're 100% correct this is a gold mine. I suspect sooner or later investors who have pulled out due to the econmy will jump back in to companies with a solid BS and...read more

RE:Sitting on a gold mine

Simply mind-boggling. Currently (today), I have a few stocks up and a few down ... but Stelco is down (by far) the most of all of them. Here's a company with a 12 month trailing EPS of $21.47...read more