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 > Buying competitors or dividends?

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Post by prestedon Aug 24, 2022 9:37am

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Post# 34916628

Buying competitors or dividends?

I wonder if the CEO will chose to go empire building instead of using the surplus cash for shareholders immediate reward. If he truly believes the price of steel has bottomed and will now rise considerably this would be a good time to make an acquisition, rather than spend more money buying back Steco's increasingly expensive shares. The longer he sits on the cash the less likely we are to see any significant dividend increase, which is what I personally am hoping for.

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