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 > Earnings out! What do you think?

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Comment by extremeriskon Nov 11, 2021 6:38pm

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RE:RE:RE:RE:RE:RE:RE:Earnings out! What do you think?

Probably too early to sell. Need to let the winners run. I know Stelco disappointing when has run up and back down again but the numbers are very compelling now. As reported on call trading at 0.8 times ebitda is really low and makes no sense. CEO who owns around 10 percent said stay tuned so signalling something else is coming. After last quarter I think they waited about a week to buy back shares. With over $400 million in cash they can easily do another one and reduce share count further from current 77 million. Margins at more than double everyone else will attract attention. Suspect another announcement is coming.

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