Stelco Holdings Inc.
STLC-T
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About Stelco Holdings Inc. (STLC-T)
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The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.
The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.
A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)
A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)
(A Top Pick Feb. 8/18, Up 6%) They emerged from bankruptcy with a clean balance sheet, new management. Trump has created a stronger steel market and this one benefited from a rising steel price.
(A Top Pick Feb. 8/18, Up 6%) They emerged from bankruptcy with a clean balance sheet, new management. Trump has created a stronger steel market and this one benefited from a rising steel price.
If we learned anything about tariffs, it is lumber. STLC-T's pension liability is gone and they have a clean balance sheet. They have the ability to increase capacity. They remind him of the lumber debate. (Analysts’ target: $33.50).
If we learned anything about tariffs, it is lumber. STLC-T's pension liability is gone and they have a clean balance sheet. They have the ability to increase capacity. They remind him of the lumber debate. (Analysts’ target: $33.50).
They flushed a lot of the liabilities with the IPO recapitalization. Trump gave them a present announcing higher tariffs and that put a tailwind behind the commodity. Wildly cyclical and too much outside of their control. It could have a good short-term performance. Not a good long-term company to own.
They flushed a lot of the liabilities with the IPO recapitalization. Trump gave them a present announcing higher tariffs and that put a tailwind behind the commodity. Wildly cyclical and too much outside of their control. It could have a good short-term performance. Not a good long-term company to own.
Emerging from bankruptcy and doing a great job at eliminating their debt and restructuring. Clean balance sheet now. Going forward he sees growth in new products with high margin. Attractively valued at mid-single digits EBITDA. Steel prices improving helps them. (Analysts’ price target is $26.25)
Emerging from bankruptcy and doing a great job at eliminating their debt and restructuring. Clean balance sheet now. Going forward he sees growth in new products with high margin. Attractively valued at mid-single digits EBITDA. Steel prices improving helps them. (Analysts’ price target is $26.25)
They have totally different management. A good decade ino the past until it was up and trading. There were a lot of industrial companies in Canada in the late ‘90s and early 2000s. You are seeing a resurgence in the industrials. China has been the big importer of industrial steel and they just held a big party conference. It might be that you will see a slowdown in industrial products. There may be pressure from decreasing Chinese orders coming down.
They have totally different management. A good decade ino the past until it was up and trading. There were a lot of industrial companies in Canada in the late ‘90s and early 2000s. You are seeing a resurgence in the industrials. China has been the big importer of industrial steel and they just held a big party conference. It might be that you will see a slowdown in industrial products. There may be pressure from decreasing Chinese orders coming down.
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