Post by
Frost19 on Feb 28, 2022 10:09am
NCIB starts Feb 28
They will start buying back shares today. Seeing as they have a massive cash pile (~30% of market cap) I'm guessing they will buy the maximum shares allowed per day, about 116k shares daily.
The Ukraine crisis is horrible and whip sawing the market. Stelco's share priceis a bit lower than it should be because of that and they will be able to buyback shares in the near future in the $35-45 range instead of $40-50 range.