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.

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Stelco Holdings Inc > A dutch auction for $1 billion share buy back is what you

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Post by drunk@noonon Nov 22, 2021 9:13am

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Post# 34152179

A dutch auction for $1 billion share buy back is what you

want.You buy back 25% of your shares your EPS goes up by 33%-- so does intrinsic value of shares. A special div does nothing as if a $5 special div is announced the share price drops by the amount of div once it is paid out. A normal div doesn't help as their are lots of better ways to get %3 div than a cyclical company which can cancell div when market moves the other way.
SHARE BUY BACK WAY TO GO>

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