OTCPK:STZHF - Post by User
Comment by
dieter216on Mar 01, 2022 1:36pm
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Post# 34471886
RE:RE:RE:RE:RE:RE:RE:Earnings Call
RE:RE:RE:RE:RE:RE:RE:Earnings CallI hear ya...I was not impressed with the Dutch Auction method of share buyback...
There is alot of momentum building for Stelco in short term.
- Stock was oversold, especially when they're sitting with over $13/share in cash.
- CRU futures moving up strongly past few days, today CRU up over $100 ton (11%)for April-July
- Current share buyback is Normal Course buyback in open market, which willl provide extra
buying support over next 30 - 45 days.
- Short Squeese on (not sure what the current short position looks like?)
Interesting month ahead....
GLTA