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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 > Dutch Auction explained...
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Comment by extremeriskon Dec 21, 2021 10:59am
92 Views
Post# 34250451

RE:RE:RE:Dutch Auction explained...

RE:RE:RE:Dutch Auction explained...

He has one year lockup from last sale in august so he can't.  This deal ends Jan 26 2022.  

Done strategically to be before year end results due to be released in feb 2022.

I think since last buy back did not work.  Shares kept going down why bother doing that again.  Establishing a hard floor at 37 I like as shorts will have trouble getting this too low as company than steps into buy.  This strategy likely done to drive away shorts towards other prey as Stelco no longer attractive as short candidate.  

As long as steel markets stay strong see little risk buying at these levels.  Too much cash is being generated at these levels and longer dated steel futures continue moving up which is same pattern one saw in 2021.  

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