Algoma Steel

AGA-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about AGA-T

Signal
Opinion
Expert
BUY
BUY
February 7, 2007
There's a fair amount of speculation that the Canadian steels are all takeover targets. Starting to warm up to the steels. Have been impressed with how well they have managed inventories.
Algoma Steel (AGA-T)
February 7, 2007
There's a fair amount of speculation that the Canadian steels are all takeover targets. Starting to warm up to the steels. Have been impressed with how well they have managed inventories.
Chris Smith
Managing Director, Gryphon Investment Counsel Inc.
Price
$37.700
Owned
No
WEAK BUY
WEAK BUY
December 21, 2006
Sold his holdings in the $30’s. Quite a flat chart over time. Steel industry is cyclical. This company has gone bankrupt twice at the bottom of the previous 2 steel cycles, but has new management, new balance sheet and excess cash. Outlook is a little tepid than it was.
Algoma Steel (AGA-T)
December 21, 2006
Sold his holdings in the $30’s. Quite a flat chart over time. Steel industry is cyclical. This company has gone bankrupt twice at the bottom of the previous 2 steel cycles, but has new management, new balance sheet and excess cash. Outlook is a little tepid than it was.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$31.760
Owned
No
BUY
BUY
November 28, 2006
Has been a stellar performer. Bought back a lot of their shares. Steel prices look pretty solid at the moment. A cyclical company. Solid balance sheet. Will be starting to produce their own energy. Reasonable value.
Algoma Steel (AGA-T)
November 28, 2006
Has been a stellar performer. Bought back a lot of their shares. Steel prices look pretty solid at the moment. A cyclical company. Solid balance sheet. Will be starting to produce their own energy. Reasonable value.
Gordon Higgins, CA, MBA
Vice President, Equities, Sentry Select Capital Corp
Price
$34.060
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 21, 2006
(A Top Pick Aug 11/05. Up 15.7%.) Brilliantly run. Great cash churning company. Wouldn't buy during this market correction, but once it over there is probably $4/5 upside.
Algoma Steel (AGA-T)
September 21, 2006
(A Top Pick Aug 11/05. Up 15.7%.) Brilliantly run. Great cash churning company. Wouldn't buy during this market correction, but once it over there is probably $4/5 upside.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$33.150
Owned
Yes
WAIT
WAIT
September 6, 2006
Buying back $200 million of its stock via a Dutch auction. Great under valued asset play. Have their cost structure under control. Paying down their debt and returning cash to shareholders. Wait for the auction to finish when there may be a bit of a dip.
Algoma Steel (AGA-T)
September 6, 2006
Buying back $200 million of its stock via a Dutch auction. Great under valued asset play. Have their cost structure under control. Paying down their debt and returning cash to shareholders. Wait for the auction to finish when there may be a bit of a dip.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$37.500
Owned
Yes
HOLD
HOLD
August 31, 2006
They have a lot of cash and there is speculation that they will have a very big distribution. Earnings are lower this year than they where last year. Would prefer it in the lower $30’s.
Algoma Steel (AGA-T)
August 31, 2006
They have a lot of cash and there is speculation that they will have a very big distribution. Earnings are lower this year than they where last year. Would prefer it in the lower $30’s.
Chyanne Fickes
Vice President of Investments, Stone Funds
Price
$36.850
Owned
Unknown
SELL
SELL
August 28, 2006
Steel pricing continues to remain strong which indicates that either 1) things are going to continue to be good or 2) the market is saying things are going to start slowing down and steel will catch up on the downside. He would take some profits as it is probably up on speculation.
Algoma Steel (AGA-T)
August 28, 2006
Steel pricing continues to remain strong which indicates that either 1) things are going to continue to be good or 2) the market is saying things are going to start slowing down and steel will catch up on the downside. He would take some profits as it is probably up on speculation.
Chris Smith
Managing Director, Gryphon Investment Counsel Inc.
Price
$36.200
Owned
No
DON'T BUY
DON'T BUY
August 24, 2006
Doing a share buyback. Not his top pick among the steel companies. This is a company that has gone through 2 or 3 resurrections. Expects the market for steel will be cooling off probably in 2007/2008.
Algoma Steel (AGA-T)
August 24, 2006
Doing a share buyback. Not his top pick among the steel companies. This is a company that has gone through 2 or 3 resurrections. Expects the market for steel will be cooling off probably in 2007/2008.
David Baskin
President, Baskin Wealth Management
Price
$36.890
Owned
No
BUY
BUY
July 26, 2006
Still prices continue to rise. There will be some Chinese dumping issues going on which will put a little bit of pressure on them. Right now they are generating free cash flow yield in the 9% range.
Algoma Steel (AGA-T)
July 26, 2006
Still prices continue to rise. There will be some Chinese dumping issues going on which will put a little bit of pressure on them. Right now they are generating free cash flow yield in the 9% range.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$35.810
Owned
No
BUY
BUY
July 4, 2006
Has gone up in the last 2 days because of their announcement of buying back stock starting in the next quarter. The price for their type of steel “high roll” is going up. Not a bad buy.
Algoma Steel (AGA-T)
July 4, 2006
Has gone up in the last 2 days because of their announcement of buying back stock starting in the next quarter. The price for their type of steel “high roll” is going up. Not a bad buy.
Chyanne Fickes
Vice President of Investments, Stone Funds
Price
$36.950
Owned
No
BUY
BUY
June 27, 2006
Steel is starting to look a little bit better again. He is worried about the whole global economy. China is tightening money to help control growth. Steel could be a casualty, but for now, with all the corporate activity, prices are starting to move higher again.
Algoma Steel (AGA-T)
June 27, 2006
Steel is starting to look a little bit better again. He is worried about the whole global economy. China is tightening money to help control growth. Steel could be a casualty, but for now, with all the corporate activity, prices are starting to move higher again.
John Zechner
Chairman, J. Zechner & Assoc
Price
$33.690
Owned
Unknown
DON'T BUY
DON'T BUY
May 16, 2006
Has always been a tricky investment. Has gone bankrupt a couple of times. This time it has done very well. A cyclical so when it is doing extremely well, it is probably time to let it go.
Algoma Steel (AGA-T)
May 16, 2006
Has always been a tricky investment. Has gone bankrupt a couple of times. This time it has done very well. A cyclical so when it is doing extremely well, it is probably time to let it go.
Robert Floyd
President, R A Floyd Management
Price
$32.170
Owned
No
SELL
SELL
February 27, 2006
It's a bit rich. The numbers are weaker then they were in prior years. Imports are not here so the market is stable. They are generating good earnings for the short term, but concerned that they are getting later on in the cycle.
Algoma Steel (AGA-T)
February 27, 2006
It's a bit rich. The numbers are weaker then they were in prior years. Imports are not here so the market is stable. They are generating good earnings for the short term, but concerned that they are getting later on in the cycle.
Robert Floyd
President, R A Floyd Management
Price
$28.980
Owned
No
HOLD
HOLD
January 24, 2006
Moved up a little bit in the shadow of Dofasco (DFS-T). A US hedge fund has asked for a special meeting to get them to pay out their big wad of cash as a special dividend. Algoma is resisting but will probably pay out something.
Algoma Steel (AGA-T)
January 24, 2006
Moved up a little bit in the shadow of Dofasco (DFS-T). A US hedge fund has asked for a special meeting to get them to pay out their big wad of cash as a special dividend. Algoma is resisting but will probably pay out something.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$26.960
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 21, 2005
(A Top Pick Sept 12/05. Up 1%.) It now has a US hedge fund shareholder that's calling a vote here to pay a special dividend. Very cheap, but feels the upside is only to $27/28.
Algoma Steel (AGA-T)
November 21, 2005
(A Top Pick Sept 12/05. Up 1%.) It now has a US hedge fund shareholder that's calling a vote here to pay a special dividend. Very cheap, but feels the upside is only to $27/28.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$24.230
Owned
Yes
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