Algoma Steel Group Ord Shs T.ASTL

Fiscal 3rd Quarter

[Stocker46]

EBITDA Loss and Net Loss of $70 M (despite $18 M Tax Recovery).

Cash has fallen by $670 M over the last 2 quarters (from $915 M to $245 M)

No real guidance on next Quarter, but Consensus Earnings indicate another Loss.

[Stocker46]

My mistake .. Cash has actually fallen by $892 M over the last 2 Quarters (from June 30, 2022 to December 31, 2022). $1,137 M to $245 M.

[lifeisgood1010]

A big chunk of the cash decrease went into inventory and to cap project. HRC price are on the rise since the low of dec. In an inflatonary environment, you want to be invested in hard producing assets. Trading at a 20% discount to it's book value ($14.19) and more importantly to it's peers, we will see price appreciation to the SP of Algoma. The new CEO seems to be a staight shooter

[Stocker46]

Algoma's inventory went down by $274M over the last 2 quarters, likely had to do with decreased shipments as much as anything. That's nowhere close to the $892M drop in cash over the same period. I get a kick out of those who get excited about hot rolled coil futures being just over $800. In the last 6 months of 2021, those same futures averaged over $1,700 (& futures continued at a