Algoma Steel Group Inc (ASTL.TO) Buy, Sell or…

Algoma Steel Group Inc (ASTL.TO)

6.19

+0.34 (5.81%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

88 watching

BUY

A forgotten story for a long time. Now it's a hot stock and a hot story. Very profitable with no net debt. Feels the steel prices wil stay high. Very cheap.

HOLD

This monstrous steel market is going to continue.

HOLD

Major steel shortage problems around the world have pushed up the steel stocks. This stock is in a spike uptrend and is dangerous to buy at this time. If you own, use a stop/loss.

BUY

Steel is cyclical. Has been a very consistant mover. Pricing of steel has stayed strong and capacity is tight. Relatively cheap compared to some of its competitors.

PAST TOP PICK

(A Top Pick Aug 6/04. Up 92%.) Took some profit.

DON'T BUY

Avoid. The business seems to continually go back into bankruptcy.

WEAK BUY

Low price/earnings ratio. A high cost producer, so in a high steel cycle it will make lots of money, but when the price of steel drops, it has losses. OK for short term.

DON'T BUY

Steel prices have been stronger much longer than he expected. Feels its at a peak now.

HOLD

Report of another stunningly good quarter is due Nov 2. Building up cash at a rapid rate. Will possibly pay out a special dividend. May want to take some cash off the table.

BUY

Trading around 3/4 X earnings. Highly levered to the price of steel. Has had a tremendous run. Prefers a larger cap stock such as Ipsco which also has the prospects of the large diameter pipe. As long as steel prices stay up, it is very attractive.

SELL

The amazing bull steel market may run out of steam. Be cautious. May want to sell profit.

WEAK BUY

Should do OK. Prefers Dofasco. Don't put a lot of money into it.

DON'T BUY

Company has had phenomenal earnings. Steel prices have been at record levels. All the easy money has been made.

TOP PICK

New management. Lagging other steel companies. Reported record numbers. Net debt free. They are going to cash flow over $10 a share.

WEAK BUY

Is still sector has been one of the strongest sectors. Would prefer Dofasco and Ipsco. Doesn't feel steel prices are sustainable but the pressure could continue for a while.

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Algoma Steel Group Inc (ASTL.TO)