Algoma Steel

AGA-T

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

Analysis and Opinions about AGA-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 31, 2005
Steel is not doing as well as it was. US Hedge fund wants them to pay out the excess money they made in the form of a special dividend. Doubtful if this will happen.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
October 31, 2005
Steel is not doing as well as it was. US Hedge fund wants them to pay out the excess money they made in the form of a special dividend. Doubtful if this will happen.
BUY
BUY
October 12, 2005
Steel prices look like they're moving up a little bit in the 4th quarter and probably by the end of the year they'll be almost $10 in cash again. Thinks there's one last run in it just on valuation up to the mid to high $20's.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
October 12, 2005
Steel prices look like they're moving up a little bit in the 4th quarter and probably by the end of the year they'll be almost $10 in cash again. Thinks there's one last run in it just on valuation up to the mid to high $20's.
DON'T BUY
DON'T BUY
October 6, 2005
Buying back shares and paying special dividends which is stupid as they will need that extra cash in the next down cycle of steel. A very cyclical business. Steel prices have weakened and if we have a recession in the US there will be a dampening of steel demand.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
October 6, 2005
Buying back shares and paying special dividends which is stupid as they will need that extra cash in the next down cycle of steel. A very cyclical business. Steel prices have weakened and if we have a recession in the US there will be a dampening of steel demand.
TOP PICK
TOP PICK
September 12, 2005
Paid a $6 special dividend last month which is why it is down. In the $22/23 range, you have about $11 a share in cash and it looks like steel prices are turning around a little bit. They could probably earn in the $3.50 range next year with current steel prices.Only trades at 3/4 X earnings if you ex the cash. Extremely cheap.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
September 12, 2005
Paid a $6 special dividend last month which is why it is down. In the $22/23 range, you have about $11 a share in cash and it looks like steel prices are turning around a little bit. They could probably earn in the $3.50 range next year with current steel prices.Only trades at 3/4 X earnings if you ex the cash. Extremely cheap.
SELL
SELL
August 18, 2005
Not a fan of steel in general. The steel industry is going much more into a competitive phase. China is now a net exporter. Doesn't see the steel industry being good for the next several years.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
August 18, 2005
Not a fan of steel in general. The steel industry is going much more into a competitive phase. China is now a net exporter. Doesn't see the steel industry being good for the next several years.
HOLD
HOLD
August 11, 2005
Paying out a special dividend of $6. With high steel prices, has really cleaned up its balance sheet and has more than $6 a share in cash. Possible share buy-back next year. A cyclical company that rises and falls with steel prices. If you like, continue to hold or sell it and realize a capital gain.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
August 11, 2005
Paying out a special dividend of $6. With high steel prices, has really cleaned up its balance sheet and has more than $6 a share in cash. Possible share buy-back next year. A cyclical company that rises and falls with steel prices. If you like, continue to hold or sell it and realize a capital gain.
TOP PICK
TOP PICK
August 11, 2005
A strange situation. Were for sale but have now taken themselves off the market and announced a $6 dividend. Hedge funds had been holding for a takeout and so sold off their holdings which dropped the price.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
August 11, 2005
A strange situation. Were for sale but have now taken themselves off the market and announced a $6 dividend. Hedge funds had been holding for a takeout and so sold off their holdings which dropped the price.
BUY
BUY
August 5, 2005
Have a lot of cash on hand and is expected to pay a big dividend. Historically, stocks trade lower after special dividends. Likes the phenominal profit growth that he sees. Good speculative investment.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
August 5, 2005
Have a lot of cash on hand and is expected to pay a big dividend. Historically, stocks trade lower after special dividends. Likes the phenominal profit growth that he sees. Good speculative investment.
DON'T BUY
DON'T BUY
June 8, 2005
Was a bust in 2001 and restructured and came out when steel prices took off and they played it very well. Has come down since March because the steel cycle is coming off at the margin. Still making lots of money. If you feel it might get taken out you could speculate on it. It is amongst the weaker players. Prefers Dofasco (DFS-T).
Show full opinionHide full opinion
Algoma Steel (AGA-T)
June 8, 2005
Was a bust in 2001 and restructured and came out when steel prices took off and they played it very well. Has come down since March because the steel cycle is coming off at the margin. Still making lots of money. If you feel it might get taken out you could speculate on it. It is amongst the weaker players. Prefers Dofasco (DFS-T).
VAGUE
VAGUE
May 16, 2005
The group including Gerdau Ameristeel (GNA-T), Algoma (AGA-T), Ipsco (IPS-T) and Dofasco (DFS-T) to a lesser extent has come off of its peak. Looks like steel prices have peaked for the cycle yet these stocks are extremely statistically cheap. Could be some activity like takeovers, as cash builds up. Find one that is cheap and could be taken over.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
May 16, 2005
The group including Gerdau Ameristeel (GNA-T), Algoma (AGA-T), Ipsco (IPS-T) and Dofasco (DFS-T) to a lesser extent has come off of its peak. Looks like steel prices have peaked for the cycle yet these stocks are extremely statistically cheap. Could be some activity like takeovers, as cash builds up. Find one that is cheap and could be taken over.
BUY
BUY
March 24, 2005
Prefers this for the leveraged side of steel as opposed to Gerdau Ameristeel (GNA-T) in the hot rolled steel. To be safe, you could go to the fabricators, Harris (HSG-T) or Russel (RUS-T).
Show full opinionHide full opinion
Algoma Steel (AGA-T)
March 24, 2005
Prefers this for the leveraged side of steel as opposed to Gerdau Ameristeel (GNA-T) in the hot rolled steel. To be safe, you could go to the fabricators, Harris (HSG-T) or Russel (RUS-T).
WAIT
WAIT
March 14, 2005
Steel stocks can be very volatile. His sector model on the steels has recently rolled over indicating some short term risks. Feels that the cycle and the pricing power of the steel producers remains intact. Wouldn't buy at this time.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
March 14, 2005
Steel stocks can be very volatile. His sector model on the steels has recently rolled over indicating some short term risks. Feels that the cycle and the pricing power of the steel producers remains intact. Wouldn't buy at this time.
DON'T BUY
DON'T BUY
February 25, 2005
Doesn't like the steel industry. Companies have been helped by the price of steel going up so high. Have to be careful and buy a good company that is run well and that is key in the steel industry. Feels that China has been building plants and that they will be an exporter of steel.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
February 25, 2005
Doesn't like the steel industry. Companies have been helped by the price of steel going up so high. Have to be careful and buy a good company that is run well and that is key in the steel industry. Feels that China has been building plants and that they will be an exporter of steel.
PAST TOP PICK
PAST TOP PICK
February 2, 2005
(A Top Pick June 22/04. Up 174%.) Sold out a couple of months ago.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
February 2, 2005
(A Top Pick June 22/04. Up 174%.) Sold out a couple of months ago.
DON'T BUY
DON'T BUY
January 31, 2005
Wouldn't buy steels right now. They've had a fantastic run, but it looks like the numbers in China are starting to slow down. In Ontario, regulations are coming off electricity prices and that will be a big cost for the steels. A stronger Cdn$ will also be a burden.
Show full opinionHide full opinion
Algoma Steel (AGA-T)
January 31, 2005
Wouldn't buy steels right now. They've had a fantastic run, but it looks like the numbers in China are starting to slow down. In Ontario, regulations are coming off electricity prices and that will be a big cost for the steels. A stronger Cdn$ will also be a burden.
Showing 16 to 30 of 96 entries