Stelco Holdings Inc T.STLC

If they're gona buy back stock...

[prested]

..with all cash, now might be a ood time to do it.

[SleepingGiant64]

There's no sign of activity on the NCIB lately. Alan is very sensitive on the macro side so he might be looking to build a war chest given the recessionary headwinds.

[geosan0]

Could not agree more with the buying back more shares since they will be very close to trading at cash value by the end of the year. To think, if I had the credit and reputation, I could walk into my friendly bankers office without a penny to my name, ask for a substantial loan to purchase the company and promise to pay it back with the cash on the balance sheet.  Then, if all the stars

[Possibleidiot01]

Find the latest Barron's stories on MW for well-rounded coverage and more expert financial advice you can trust. The 8 Best Bargains in the Stock Market Now Last Updated: June 26, 2022 at 8:23 p.m. ET First Published: June 24, 2022 at 7:57 p.m. ET By Andrew Bary 18 Illustration by Barron'

[geosan0]

So the company did buy back shares between $32-$34 dollars the last week in June.  Company spent a lit over $15 million on the buyback.  So I am assuming that the sweet spot for buybacks is around this level and expect to see management continue along this path unless financials dictate otherwise. GLTA

[prested]

Not sure they have enough money to put a solid bench mark price on the stock. They might be better off to allow free-fall and only buy back when it is at something like entrprize value, if it ever hits that low. Buy backs can be seen as a sqaundering of cash.

[Tothemoon2]

After the land sale I would think they would have half of market cap in cash on the balance sheet.

[Duke16]

Based on today's valuation, they have closer to 65% of Market Cap in Cash!!! There's little more they can do for buybacks, and with over $20 per share in cash something's gotta give on the price.  Although the market has cooled a bit the past month, Stelco is still in a position to make substantially more each than they are giving out in dividends. Increase in regular dividends,