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 > Thank goodness I sold half yesterday

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Comment by nedstar71on Oct 29, 2022 4:21pm

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Post# 35057964

RE:Thank goodness I sold half yesterday

Yes hindsight is 20/20 but the move would have been to sell them all on the open market and if you really wanted to buy back in the next day once it predictably dropped.
I'm amazed so many shares did tender. I wonder who? Hopefully nobody who just bought thinking they'd play the arbitrage as that would have been a disaster once they get their tax bill.
It will be interesting to see if they do this SIB again. By all logical conclusions it shouldn't support or even influence where the stock trades, but that doesn't mean it won't as we have already seen it do so twice.

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