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Stelco Holdings Inc T.STLC


Primary Symbol: STZHF

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

Comment by extremeriskon Nov 18, 2021 8:48am
135 Views
Post# 34139859

RE:RE:RE:Why the weakness?

RE:RE:RE:Why the weakness?

Listened to latest earnings call again.  CEO did say stay tuned so something is coming.  We don't know what.  I think safe to add here.  Algoma guided higher for next quarter so Stelco is headed North of 800 ebitda for next quarter which exceeds 787 for this quarter.  Ebitda is good proxy for cash so they will add about 800 to 400 quarter end balance gives you1.2 billion divided by 77 million shares is $16 a share.  Announcement is coming before year end.  Maybe waiting for dividend date of nov 24 to announce.  Those who stick with Kestabaum get rewarded but if you bail now you don't get it.  

I have talked myself into adding more today as time till nov 24 is short.  Can't see them carry such a high cash balance on year end statement.

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