Bullboard - Stock Discussion Forum Stelco Holdings Inc T.STLC

Alternate Symbol(s): STZHF

Steel Steel

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... see more

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Stelco Holdings Inc > Special div is horrible horrible horrible idea. Do a

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Post by drunk@noon on Jul 31, 2021 1:53pm

Special div is horrible horrible horrible idea. Do a

over-sized share buyback instead. A dutch auction for 1billion dollars. Special dividend doesn't help at all. i.e 3 dollars per share goes out the door. The stock price drops by 3 dollars. If you don't understand this you shouldn't be investing.

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Comment by Blueswin on Jul 31, 2021 5:38pm

I think a Dutch auction for 1 billion is an excellent idea. Whether we like the idea of a special dividend or not I don;t think we will be the ones deciding it...management will. And historically when they have done well like in 2018 they paid a special dividend so I guess we will just need to wait & see. In one of the articles posted it sounds like management won't make an announcement ...more

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Stelco Holdings Inc