Stelco Holdings Inc T.STLC

Things to look forward to

[forkliftguy]

I listened to the Confersence call this morning .  I took the following items from the meeting:

1)  The CEO thinks that steel prices will be very high for an extended period of time and as such is reluctant to hedge prices

2)  The company will have a major announcement to make in the third quarter

3) The company is negotiating with " The City Of Hamilton "  on the disposal or  development of excess land  , near the Burlington Bridge .

4)  The company is gushing in cash , much more so than the reord quarter just ended .

5) The company is a world wide lowest cost provider of steel 

6) The Co gen project will be completed in 2022 and will lower electricity costs

7) The CEO , who is a major Shareholder , thinks that the stock iprice s extremely undervalued .

All in All ,  Things look very rosy for the future .  I wouldn't be surprised if the share price was over 70 dollars a share in a years time .  I will not be selling on the cheap .  The only thing to screw tis up would be a major stock market correction .