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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Greetings:
Stelco is down $ 2.59 today, apparently because there were rumours
that they were going to do a secondary offering. Management denies
this. McCreath thinks steel has a long runway now, even though this
company has been broke more times than air canada. Your opinion
is what counts to me. I have been following it for some years now,
but always too cautious to buy. Frank Mersch recommended it some
years back.
Thanks,
BEN.
Read Answer Asked by BEN on February 19, 2021
Q: Hello 5i team. I read with interest how contrary to steelmakers worldwide who are battening down the hatches, Stelco CEO Alan Kestenbaum is betting big on a renaissance in North American manufacturing and construction by making $110-million of investments with the goal of turning Stelco into North America's most efficient steel maker. Ballsy. I agree with him that the other side of this panedemic will see an onshoring of manufacturing capacity in North America. The biggest risk I see with this one is if Trump ever decided to re-impose the steel tariffs. At just over $6/share, do you see this stock as a buy for a semi-patient investor with a long time horizon? Also, how sustainable is the dividend?
Read Answer Asked by Asher on May 19, 2020
Q: Your opinion on chances of recovery in the next thirty or so days if sold for tax loss this week?
Many thanks guys.
Read Answer Asked by Raymond on December 17, 2019
Q: I have considerable taxable gains that will be realized this year. I will earn less than 20k in self employment income this year (semi-retired). I am considering buying 3000 shares of STLC before the special dividend recognizing the share price will drop after ex-dividend. I will sell the shares shortly after ex-dividend date. I will receive $3690 in dividends and have a similar capital loss (which I will use to reduce my capital gains). Do you consider this a tax efficient strategy? Am I missing something? Thanks for your advice. Rob
Read Answer Asked by Robert on March 06, 2019
Q: Stelco has been had quite interesting momentum since its results were released with revenue up 67% to $711 Million; adjusted EBITDA up 130% to $175 million; Adjusted EBITDA Margin of 25%. Can you comment on it as an investment grade security at this time? It is starting to look attractive from a technical perspective as well. Thank you
Read Answer Asked by Martin on August 07, 2018
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