GREY:VICUF - Post by User
Post by
Steelironmanon Jan 15, 2014 5:05pm
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Post# 22095978
Vicwset
VicwsetNot many people following Vicwest on this board.
Just got dividend today. Pretty good return, 5% on $12.00 stock.
Price is sluggish. Steel industry is on the upswing with many stocks going up. Vic seems to have hit peak. I guess they have to show better numbers for 4th quarter.
Other Canadian steel stocks I follow such as Canam, Empire (EIL) and Tree Island have all made significant gains in the last 3 months. Canam recently reinstated their dividend at $0.04 per Q and the stock nearly hit $14.00 today, for only a 1.15% return.
Don't know what's holding back Vic.
By the way, bad weather does not significantly affect deliveries. Overall delays will be less than 1 week in a quarter as these are made up as eather improves.