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.

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Stelco Holdings Inc > Sitting on a gold mine

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Comment by Duke16on Jun 01, 2022 8:16am

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Post# 34722563

RE:RE:Sitting on a gold mine

Not missing anything, you're 100% correct this is a gold mine.

I suspect sooner or later investors who have pulled out due to the econmy will jump back in to companies with a solid BS and consistent earnings.

Sadly I don't think they'll fully realize the value in this company until they communicate a plan for the constantly growing stock pile of cash. There doesn't seem to be any future share buy backs, and no mention by the company of how this cash will be used to maximize share holder value.

An acquisition or special dividend seems like the most likely use of the cash, even a significant increase in the regular dividend would help push it to where it belongs which I believe is somewhere around $60/share.

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