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 > Still a Steel ; make that a Steal

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Comment by extremeriskon Dec 06, 2021 8:55am

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Post# 34201501

RE:RE:RE:RE:RE:RE:RE:Still a Steel ; make that a Steal

There forward earnings based on last quarter of 7.60 per share is tracking towards $32 a share taking a four quarter look forward. If they end year with say 1 billion in cash or $13 a share cash and no debt you have a stock trading at 38 less 12 gives you $26 a share and earnings at $32 per share which gives you an amazing P/E of 0.8.

That is unsustainable so yes price will go up. Eventually market becomes rationale. Steel markets are still on allocation and whatever is being made can be sold. Even though tariffs relaxed a little foreign companies being careful not to invoke anti dumping rules so that sustains prices also

Only option left for investor is just buy more if you can.

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