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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 > A dutch auction for $1 billion share buy back is what you
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Comment by extremeriskon Nov 22, 2021 11:32am
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Post# 34153045

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

RE:RE:A dutch auction for $1 billion share buy back is what you Agree that is smart.  Also bedrock sold at $10 below market price last time.  They agreed to price of $35 when shares were trading around $45.  They still have 7.5 million shares.  You can bet they plan to recover that $10 per share loss with the remaining shares they have.  There is no logical reason other than future appreciation of stock price that you would sell $10 below market price as they did.They previously were the largest shareholder.
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