Stelco Inc (STE.TO)

DON'T BUY
Very speculative. They're trying to restructure as well as negotiating with the unions.
DON'T BUY
Trying to stave off bankruptcy. Hard to see where there is real value for a value investor. Highly speculative.
DON'T BUY
Has a very impaired balance sheet. There is a risk of receivership. Not very profitable and have a lot of debt. A lot of unfunded pension liabilities.
DON'T BUY
Suffering because their assets are for sale and difficult union contracts. Would prefer their convertible debentures.
DON'T BUY
A lot of speculation about it going into receivership.
DON'T BUY
The company is facing bankruptcy. If they can avoid this, the stock has the potential to triple or quadruple.
DON'T BUY
Steel industry is probably near the bottom of a cycle. Would prefer other companies. Fundamentals are poor.
DON'T BUY
Steel assets are seldom shut down. They always come back from restructuring. Not a fan of the steel industry.
DON'T BUY
Thinks there is a better than 50-50 chance that it will go bankrupt. Having great difficulty. Negative cash flow.
DON'T BUY
Expect it will survive but has major hurdles. Have a very tough labour contract. The next six to nine months should tell the tale.
DON'T BUY
Imports to North America are killing the steel industry. Stronger Canadian dollar is also a problem Stelco. Not confident about this company. Dofasco would be the better buy it you are buying steel.
DON'T BUY
Took a tax loss on this stock in the summer. They have their back against the wall. Negotiating with unions, which will probably tell the tale. Very risky.
DON'T BUY
Steel prices are firming up. Canadian dollar is probably hurting. On life support.
WEAK BUY
Iron ore prices have been strong and hopefully still prices will follow suit. Would also like to see less dumping of steel. Trading at a very low discount to book. Might be worth the gamble.
WEAK BUY
Expects they will sell every operation except for their Fort Erie one. If they can, presumably they will survive. An interesting speculation. You could also look at the convertible debentures, which yield about 35%.
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