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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 > If they're gona buy back stock...
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Comment by Duke16on Jul 06, 2022 3:45pm
191 Views
Post# 34806190

RE:RE:RE:RE:RE:RE:If they're gona buy back stock...

RE:RE:RE:RE:RE:RE:If they're gona buy back stock...Based on today's valuation, they have closer to 65% of Market Cap in Cash!!!

There's little more they can do for buybacks, and with over $20 per share in cash something's gotta give on the price.  Although the market has cooled a bit the past month, Stelco is still in a position to make substantially more each than they are giving out in dividends.

Increase in regular dividends, one time dividend, acquisition....they are in a perfect position for any of these and finally return profits to the shareholders!!!  
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