Stelco Holdings Inc T.STLC

Primary Symbol: STZHF

Steel Steel

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.

OTCPK:STZHF - Post by User

Stelco Holdings Inc

Bullboard Posts

Comment by pastafagolion Sep 25, 2019 1:19pm

72 Views

Post# 30163614

RE:A "Steel". Does anyone read financial statements?

I hope you are right. I bought in for value. I should have waited longer for value. Yes the balance sheet is fine and they are low cost. Nice real estate. The details of the bond issue were such that they had to pay 9% for bonds rated well into the junk category (see today G&M) . This is in the environment of negative yields so it doesn't say much about people's mindset for this company.

Many steels traded at 10x and stelco is under 3 now. Lets see what happends with q3. This will probably hit $7-$8 unfortunately and less if the market tanks. Prem Watsa had a bad day with blackberry crashing and stelco yesterday.

Bullboard Posts

NervGen Pharma: Proof that NVG-291 works?