Stelco Holdings Inc T.STLC

Todays conference call August 11

[forkliftguy]

I listened to todays quarterly call .  My guess is that Management is trying to down play everything until the  Union contract , currently being negotiated is signed.   Once that is done , I think a lot of good news lies  ahead .  I expect , after the signed contract , that the offer to purchase shares is raised from 35 dollars to 40 dollars  ( My guess ) OR  that a takeover bid is made including the current CEO  and maybe along with Fairfax . ( Again my speculation )    I won't be selling my shares anytime soon .   I also have a fairly large position ( for me ) in Algoma Steel .  They are doing similar things to Stelco -   Share buybacks ,  electric furnaces , Looking after their employees ETC   .