Stelco Holdings Inc T.STLC

RE:What if steel prices don't return to normal?

[marsman1]

Excelent read Blueswin. I don't think the fact that higher steel prices are here to stay has sunk in with investors yet. A look at the futures  , at least out to December , show all prices up almost every day. I am thinking that the analyst coverage , who keep raising their there projections , are being conservative so that as target prices are reached , they can continue to be "relavant " in their analyst jobs and continue to raise projections further. One analyst has a $54 dollar projection on Stelco. Can you imagine the flack he would take if he said $75 dollar projection. I don't know where the stock goes up to , what I do think is that this is still the most undervalued large cap in Canada. Still a "strong BUY" IMO