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 > STLC comments

<< Previous

Bullboard Posts

Next >>

Post by fishcarrieron Oct 27, 2021 9:48am

202 Views

Post# 34053912

STLC comments

Every once in a while I check Thomson-Reuters on Stelco. This analyst comes with my program. Can you make sense of it? Here are its highlights: Outlook for earnings declined significantyly over the past week. STLC is more bearish than the iron and steel average, rating 5.3 vs 5.5 for the industry. EPS for Q3 are down a bit to $6.56. Q.4 is 8.21. For the year $21.01. Trailing PE is 11, Forward PE is 1.9. Multiples are significantly below historic and industry norms.

If the outlook is bearish, why would they expect much higher earnings in Q4 over Q3? And the outlook is bearish while valuations are significantly below norms. I've come to the conclusion long ago that analysts don't do their homework like investors do. But steel prices are down this week. GLTA.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario