Stelco Holdings Inc T.STLC

Analyst Comment

[retiredcf]

https://www.bnnbloomberg.ca/video/john-zechner-discusses-stelco~2294023

COMMENT

Stelco Holdings Inc.(STLC-T)

03/10/2021 

 

He got out of it a couple of months ago. The price of steel was unsustainable. Still an incredibly cheap stock at this point but earnings are going to drop. Stelco got to an unsustainable valuation but it has come off and he might take a look at it again.

 

John Zechner

$37.500

No

 

[fishcarrier]

John Zechner is a shrewd operator. Can you imagine if we had sold our shares at $51 and then bought them back at $32? He was right, the $51 was not sustained. But I think we'll get back there and probably higher. Steel prices will come down. How much, how fast we don't know. I look at my analysis and am copmforted with the Relative Valuation aspect. It continues to say: "Multiples

[marsman1]

I think the stock was at around $38 when John said he would not buy it . It then ran up to $51. So in fact he was dead wrong at that time .

[fishcarrier]

Maybe he bought in today. Somebody ordered a good whack. Heavy trading and a +9% gain on the stock. Stelco dawdles, then storms the gates!  Somehow I feel like September the stock slid; October is the month it will head back close to the $50 mark. I know - just feelings. GLTA