Post by
Stocker46 on Sep 14, 2022 4:52pm
Recent Trading
Blood bath over the last couple of days.
Down $4.34 (over 11%) since last Friday's close.
Stelco's share count is now down to 63,355,691 which (presumably at the end of this Quarter) will change their EPS to over $28.
At todays SP that would equate to a price/earnings ratio of 1.2.
Combine the above with quarter end cash which should be well over $1 billion & somethings got to give.
Stelco is looking real cheap.
Comment by
Eastbank on Sep 14, 2022 5:50pm
Pretty good metrics/ value with the new share count, but perhaps overreaction to the end of the SIB of $35 on Monday driving the SP down, which had been perceived as a support level. Still holding! GLTA
Comment by
Stocker46 on Sep 16, 2022 9:40am
Seems the market today is fraught with over reactions. If the SP continues on the current path, we could be looking at a price/earnings ratio of 1 or under. That would be rather amazing for a company with a $28 EPS & over a $Billion in CASH.