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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 > Stelco CEO Warns North America Market a 'Falling Knife'
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Comment by extremeriskon Jan 20, 2022 6:01pm
173 Views
Post# 34339943

RE:RE:RE:Stelco CEO Warns North America Market a 'Falling Knife'

RE:RE:RE:Stelco CEO Warns North America Market a 'Falling Knife'Tomorrow option expiry day which I think is fooling the markets overall.  I plan to add Stelco tomorrow.  Jan 26 is deadline on buyback and with higher volumes looks like is happening between 31 and 37 a share.  1 billion is cash divided by 70 million shares is $14 in cash.  Share price of 33 less 14 gives you $19 a share.  This is now under 1 price earnings.  Only scenario steel prices fall off cliff is a recession which I don't think is in the cards.  Steel prices dropping slowly.  Also when in human history have commodities prices gone down during inflation.  The answer is never and we do have inflation so prices will be bottoming soon.  
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