Input cost way down earning way up...Coking coal is way down, so is nat gas.EACO nat gaz is trading below $2.50.
This morning, Teck issued a warning on met coal pricing.
It will be interesting to see these impacts on Q2 results.
The beauty about Stelco VS most company, is that it as little long term obligations.
So the interest increase have no impact to their results.
We know that Alan Kestenbaum is a shrewd, conservative and highly capable CEO.
I wonder what he they do with all that cash that is pilling on the balance sheets.
$15 of cash / share and growing...
Staying long