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Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

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

Post by extremeriskon Dec 02, 2021 2:58pm
162 Views
Post# 34191570

Great day trading stock

Great day trading stockI have been out since Monday but back in today.  Stelco is volatile.  I think they need more institutional ownership.  Prem Watsa needs to buy more.  I think that would help with volatility.   While steels futures are down they are only down a little and no one is thinking they are headed to $500usd so at $39 a share Stelco is a screaming buy.  Also with all that cash announcement still hasn't come.  Maybe today or tomorrow.  Last half of December is write off due to holidays so I think we are very close.   A $500 million buyback would be nice and retire 13 million shares.  That would drop shares outstanding from 77 to 64 million with lots of cash left over and solidifies Kestenbaum as major shareholder for Stelco.  It's is certainly in CEO's interest to do it.  That's why I only invest in companies where CEO has skin in the game.  
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