Stelco Holdings Inc T.STLC

Market Call Call pick November 23, 2020

[forkliftguy]

It is nice to see  "   Extremerisk  "  on this chat site .  We were both contributors to the Torstar chat site .  Torstar was the worst investment that I ever made . I kept loading up as it got lower and lower and lost enough for a nice new BMW car .  Interestingly , I seem to buy a lot of value stocks that are owned by Fairfax Financial . It really is a coimcidence .  Fortunately I never bought Reitmans which went bankrupt .  My current holdings include Blackberry , Resolute Forest Products and Stelco , all of which  Fairfax has a large position at much higher prices .  Which  brings us to Stelco . It is doing everything right . Sales and profits will be up substantially in 2021 .  I think it will happen soon that Stelco is added to various Canadian stock indexes .  The guest on Market Call is predicting Thirty Dollars a share within 2 years .  I can easily see that along with dividends along the way . I'm holding as a long term investment .  A very nice job from their management  , something I vever said about the Torstar management group .