RE:RE:RE:Why the weakness? Listened to latest earnings call again. CEO did say stay tuned so something is coming. We don't know what. I think safe to add here. Algoma guided higher for next quarter so Stelco is headed North of 800 ebitda for next quarter which exceeds 787 for this quarter. Ebitda is good proxy for cash so they will add about 800 to 400 quarter end balance gives you1.2 billion divided by 77 million shares is $16 a share. Announcement is coming before year end. Maybe waiting for dividend date of nov 24 to announce. Those who stick with Kestabaum get rewarded but if you bail now you don't get it.
I have talked myself into adding more today as time till nov 24 is short. Can't see them carry such a high cash balance on year end statement.