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Bullboard - Stock Discussion Forum Algoma Steel Group Ord Shs T.ASTL

Alternate Symbol(s):  ASTL | ASTLW | T.ASTL.WT

Materials
Algoma Steel Group Inc. is a Canada-based integrated producer of hot and cold rolled steel products including sheet and plate. The Company delivers responsive, customer-driven product solutions for applications in the automotive, construction, energy, defense, and manufacturing sectors. It is a key supplier of steel products to customers in North America and is the producer of discrete plate... see more

TSX:ASTL - Post Discussion

Algoma Steel Group Ord Shs > Algoma & Stelco are a "STEEL"
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Post by Stocker46 on Apr 25, 2022 6:22pm

Algoma & Stelco are a "STEEL"

Some nice bargains today.
Nucor & Steel Dynamics have already posted "record" 1st Quarters earnings.
US Steel have forecast a strong 1st Q.

Algoma's won't be a record (based on quidance previously reported) but the 
lower shipments, due to transportation & other issues in 1st Q, will simply be deferred to 2nd Q.
Comment by Stocker46 on May 02, 2022 9:46am
US Steel beat the earnings consensus for 1st Q & is predicting the "strongest ever 2nd Quarter" ... but Algoma & Stelco shares continue to fall ??
Comment by Stocker46 on May 03, 2022 11:23am
Gotta love the "expert" analysts. Based on TD WebBrokers EPS estimate for Algoma, they will actually make more (in total dollars) than Stelco (in the upcoming Q). That obviously won't happen. I suspect they've never adjusted Algoma's outstanding share count. Regardless, Algoma's Price/Earnings ratio is currently at 1.9. You can't get much lower. Even a lowly 3.0 ...more  
Algoma Steel Group Ord Shs
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