OTCPK:STZHF - Post by User
Post by
extremeriskon Dec 10, 2021 2:12pm
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Post# 34219557
Do the opposite of analysts
Do the opposite of analysts They are the best contrary indicator. Nothing significant has changed. Lots of sales lots of cash and steel futures holding steady at very high levels. 2022 will be another great year.
I have been thinking special dividend will only cause stock price to go down by same amount. Buyback can be a huge one but with 3 big shareholders not much float to trade.
that leaves only one option which is raising the dividend again but do a bigger one now. The stock price will react to dividend yield. Current 1.20 a share times 77 million shares outstanding costs the company $92 million a year. Lots of room to increase this dividend when you are generated $700 million cash per quarter. While q1 will be less it wouldn't be that much less given where steel futures trading. Probably in $600 million range for q1 2022.
if you have the cash just buy more on days like today. Stelco is so volatile that I wait for 5 percent drop provided overall market is ok.