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BUY ON WEAKNESS
Stelco Inc

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. 

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BUY
Stelco Inc

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. 

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DON'T BUY
Stelco Inc

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. 

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WAIT
Stelco Inc

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.

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SELL
Stelco Inc
We're going into a global slowdown, so this isn't one to own. Cleaned up balance sheet, took care of lingering issues.
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STRONG BUY
Stelco Inc
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.
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RISKY
Stelco Inc
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.
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HOLD
Stelco Inc
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.
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PARTIAL BUY
Stelco Inc
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.
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PARTIAL BUY
Stelco Inc
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.
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BUY
Stelco Inc
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.
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DON'T BUY
Stelco Inc
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.
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BUY
Stelco Inc
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.
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SELL
Stelco Inc
A crummy company. They cannot make money. Fundamentally, it's not a good story.
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COMMENT
Stelco Inc
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.
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Stelco Inc(STE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Stelco Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Stelco Inc(STE-T) Frequently Asked Questions

What is Stelco Inc stock symbol?

Stelco Inc is a OTC stock, trading under the symbol STE-T on the (). It is usually referred to as or STE-T

Is Stelco Inc a buy or a sell?

In the last year, 1 stock analyst published opinions about STE-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Stelco Inc.

Is Stelco Inc a good investment or a top pick?

Stelco Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Stelco Inc.

Why is Stelco Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Stelco Inc worth watching?

1 stock analyst on Stockchase covered Stelco Inc In the last year. It is a trending stock that is worth watching.

What is Stelco Inc stock price?

On , Stelco Inc (STE-T) stock closed at a price of $.