OTCPK:STZHF - Post by User
Post by
extremeriskon Dec 02, 2021 2:58pm
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Post# 34191570
Great day trading stock
Great day trading stockI have been out since Monday but back in today. Stelco is volatile. I think they need more institutional ownership. Prem Watsa needs to buy more. I think that would help with volatility. While steels futures are down they are only down a little and no one is thinking they are headed to $500usd so at $39 a share Stelco is a screaming buy. Also with all that cash announcement still hasn't come. Maybe today or tomorrow. Last half of December is write off due to holidays so I think we are very close. A $500 million buyback would be nice and retire 13 million shares. That would drop shares outstanding from 77 to 64 million with lots of cash left over and solidifies Kestenbaum as major shareholder for Stelco. It's is certainly in CEO's interest to do it. That's why I only invest in companies where CEO has skin in the game.