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A SPAC that will merge with Algoma Steel just in time with a strong steel environment. When the deal was struck a few months ago, the valuation was cheap. Since then, steel prices have rallied 25%. As a SPAC, there is a chance the deal won't close. It's trading around $11.40 today. If the deal doesn't close, you get your $10 back. If the deal happens, it will remove this big overhand of SPAC arbitragers. The new stock would have to rally 50% to match Stelco's PE and need to double to reach Nucor's. Their blast furnace would make them among the greenest steelmakers in Canada. Good risk/reward.
Financial Services
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Legato(LEGO-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Legato 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.

Legato(LEGO-Q) Frequently Asked Questions

What is Legato stock symbol?

Legato is a American stock, trading under the symbol LEGO-Q on the NASDAQ (LEGO). It is usually referred to as NASDAQ:LEGO or LEGO-Q

Is Legato a buy or a sell?

In the last year, there was no coverage of Legato published on Stockchase.

Is Legato a good investment or a top pick?

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

Why is Legato 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 Legato worth watching?

In the last year, there was no coverage of Legato published on Stockchase.

What is Legato stock price?

On 2021-10-19, Legato (LEGO-Q) stock closed at a price of $11.25.