OTCPK:STZHF - Post by User
Post by
donmayneon Jul 25, 2018 7:41am
109 Views
Post# 28363206
Q2 earnings
Q2 earningsWe should see the largest increase in quarterly earnings for STLC. Fully anticipated and should see a boost from higher Canadian steel prices due to retaliatory tariffs. Should see higher expectations for Q3.
STLC is well positioned to increase market share as Canadian steel buyers look for new supply chains.
The market is not prepared to push steel producers to higher P/Es, however, even at 10X, STLC share price should double by the end of the year. Legacy name is a positive for supply chain but not for investors. As the story emerges, it may become a darling on the TSE.
Good 2017 video of the long-term goals: https://www.bnnbloomberg.ca/commodities/video/stelco-ceo-it-s-different-this-time~1259477
Top pick for one fund: https://www.bnnbloomberg.ca/video/frank-mersch-s-top-picks~1418886
Bedrock is keen on a higher P/E to purchase others.
Perhaps will raise the dividend this quarter.