Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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'
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(12)
•••
Comment by Jasonuwon Jan 20, 2022 6:59pm
185 Views
Post# 34340240

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

RE:RE:RE:RE:Stelco CEO Warns North America Market a 'Falling Knife'Stelco won't have a billion dollars when they report. Probably in the 800-900 million range pre buyback. They had 410 million cash in Q3. Probably going to earn 450 in Q4 and they are spending 250 on the buyback. 400 + 450 - 250. I'm guessing 800 on the earnings date because of the inventory build. Post buyback- they will have 550-600 million. And steel prices HAVE fallen off a cliff but still have a lot to go still. When the January contract expires on Tuesday, the active contract will be down 40% in 5 months. I don't understand the reverence for Alan as some genius lmao. He hedged in a rising market and lost millions. Then he became gun-shy and he flat out rejected hedging in Q2 and Q3 at the highs because he thought steel was too low and it was going higher.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities