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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 29, 2022 4:11pm
137 Views
Post# 35057950

RE:I may be nuts

RE:I may be nuts
SadieLadyCO wrote: current price is 33 dollars they are buying it back at $35...why not buy..


You may well be nuts but please refer to the thread below "SIB $18 taxable dividend" to understand why not to buy. "Could you imagine someone unknowingly putting $102k or so for 3000 shares at $34 in a non registered account, tendering thinking they'll be dealing with $3,000 in capital gains and instead getting a dividend tax bill in excess of $54,000? On a profit of $3000! I know you'd get the capital loss for that amount but wow!"
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