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Daily Stock Opinions and Ratings
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Keith RichardsStelco IncSTE.TOBUYNov 10, 2023

Sideways chart on the stock. Has a defined trading range. Bouncing off support level. Might be a good time to buy. Wouldn't be surprised if hits $50. 

Keith RichardsKeith Richards
Unknown
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Stock price when the opinion was issued

steel
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BUY ON WEAKNESS

Stelco Inc(STE.TO)

Mar 15, 2024

Does not own shares currently. Surprised how well share price has performed lately. Demand for products fairly high - suspects profits are strong. Current price is high - would wait to buy on weakness. 

Photo of Michael SprungMichael Sprung
No
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Stock price when the opinion was issued

steel
DON'T BUY

Stelco Inc(STE.TO)

Oct 30, 2023

Hard business to run in North America. High energy, input & labor costs. Margins compressed due to competition with China. Difficult to compete internationally. Not a great business. Would not recommend buying. 

Photo of Alexander MacDonaldAlexander MacDonald
No
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Stock price when the opinion was issued

steel
WAIT

Stelco Inc(STE.TO)

Aug 16, 2023

Ton of cash, healthy balance sheet. Lots of optionality to buy back stock. Great margins. Nothing exciting happening in the space right now, so don't put money in right now.

Photo of Greg NewmanGreg NewmanUnlock Rating
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Stock price when the opinion was issued

steel
SELL

Stelco Inc(STE.TO)

Nov 17, 2022
We're going into a global slowdown, so this isn't one to own. Cleaned up balance sheet, took care of lingering issues.
Photo of Paul Harris, CFAPaul Harris, CFA
No
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Stock price when the opinion was issued

steel
STRONG BUY

Stelco Inc(STE.TO)

Nov 26, 2021
Really likes it and is a long position. Has multiple characteristics he likes. Strong price momentum, valuation is standout. Cheapest stocks on the TSX with high return on equity. trades at 6x cashflow. 3x price to earnings. Very low multiples.
Photo of Jason MannJason Mann
Owned
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Stock price when the opinion was issued

steel
RISKY

Stelco Inc(STE.TO)

Jun 03, 2021
A trade, not a long-term hold. Steel is wildly cyclical. Has gone bankrupt at least twice and finds ways to get into trouble pretty reliably. Steel prices are very high right now, so you're looking at a maximum of 1-1.5 years of good times.
Photo of Brian MaddenBrian Madden
No
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Stock price when the opinion was issued

steel
HOLD

Stelco Inc(STE.TO)

Mar 18, 2021
Daily volatility is because there isn't much of a float. Prices are not sustainable at these levels. Looking at lower earnings in 2022. Be wary of buying near the top of the pricing cycle. He hasn't been adding here.
Photo of John ZechnerJohn Zechner
Owned
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Stock price when the opinion was issued

steel
PARTIAL BUY

Stelco Inc(STE.TO)

Mar 05, 2021
Recently risen from the ashes. Thematically, this is the type of thing you want to own this year. However, it's something to own for the good times and not for a long time as a commodity producer. It will pullback when the commodity prices drop.
Photo of Brian MaddenBrian Madden
No
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Stock price when the opinion was issued

steel
PARTIAL BUY

Stelco Inc(STE.TO)

Apr 17, 2020
A Canadian steel producer that emerged from bankruptcy about 5 years ago and went public again in 2017. A well run company in a cyclical sector. With a longer term view in mind, you could begin to buy in again here. But know that it could get worse before it gets better.
Photo of Jamie Murray Jamie Murray Unlock Rating
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Stock price when the opinion was issued

steel
BUY

Stelco Inc(STE.TO)

Dec 30, 2019
It should benefit from the free trade agreement. Steel prices have been firming up in Asia. It would have been a prime tax loss selling candidate.
Photo of James HodginsJames Hodgins
Owned
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Stock price when the opinion was issued

steel
DON'T BUY

Stelco Inc(STE.TO)

May 09, 2019
Just came out of its bankruptcy. You should not hold a stock for the special dividend because when it is declared, the stock adjusts. It is the end of the seasonal period for metals and mining stocks. We should be very cautious with this stock.
Photo of Brooke ThackrayBrooke ThackrayUnlock Rating
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Stock price when the opinion was issued

steel
BUY

Stelco Inc(STE.TO)

Feb 26, 2019
Private equity rescued it from bankruptcy. Steel prices came off in late-2018 vbut have rebounded. Just announced positive earnings and a special dividend. Strong balance sheet. Prem Watsa has also come into Stelco. This should do well until the next recession.
Photo of Jamie Murray Jamie Murray
Owned
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Stock price when the opinion was issued

steel
SELL

Stelco Inc(STE.TO)

Apr 25, 2007
A crummy company. They cannot make money. Fundamentally, it's not a good story.
Photo of John ZechnerJohn Zechner
No
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$30.55

Stock price when the opinion was issued

steel
COMMENT

Stelco Inc(STE.TO)

Jan 05, 2007
With all the building that is going on, they are doing fairly well after the reorganization. This question would be, if things slow down, particularly in the automotive industry, how well are the steel stocks likely to do? On the positive side, there is a great deal of consolidation on the steel side globally and this could be on some radar screens.
Photo of Michael SprungMichael Sprung
No
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$21.26

Stock price when the opinion was issued

steel

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disclaimer

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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