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 > I may be nuts

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Comment by nedstar71on Oct 29, 2022 4:11pm

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Post# 35057950

RE:I may be nuts

SadieLadyCO wrote: current price is 33 dollars they are buying it back at $35...why not buy..

You may well be nuts but please refer to the thread below "SIB $18 taxable dividend" to understand why not to buy. "Could you imagine someone unknowingly putting $102k or so for 3000 shares at $34 in a non registered account, tendering thinking they'll be dealing with $3,000 in capital gains and instead getting a dividend tax bill in excess of $54,000? On a profit of $3000! I know you'd get the capital loss for that amount but wow!"

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