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Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

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, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


TSX:STLC - Post by User

Stelco Holdings Inc > Why the weakness?
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Comment by Stocker46on Nov 17, 2021 7:09pm
116 Views
Post# 34138596

RE:Why the weakness?

RE:Why the weakness?This weeks trading makes no sense.
Stelco's 12 month trailing EPS is now $12.32 .. which brought their Price/Earnings ratio from 11.6 down to 3.6.
Earnings estimates for 4th Q (average of 7 brockers) is currently $8.11 EPS ... so if they come even close, you're looking at an annual EPS of $20 or more.
At today's price, that would give you a P/E Ratio of 2.2 ... for a company in great financial shape, in a market that is expected to remain strong through at least 2022. ??? 
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