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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

Comment by nedstar71on Oct 13, 2022 1:34am
219 Views
Post# 35021440

RE:Any point in holding this POS?

RE:Any point in holding this POS?SIB expires in two weeks, and won't have many takers. The share price certainly won't pop when it expires, but it will be interesting to see if it drops. As discussed earlier in reality the SIB shouldn't be providing any share price floor given nobody can purchase shares and tender with the crazy tax implications. In a weak market I could see it dropping to $30-31. And no point in extending it, there won't be many to tender unless the share pice drops into the mid 20's. Shorting in here for a few bucks would be a risky notion, but is more likely the right move if the market doesn't rebound.
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