STE-TSE STELCO BALANCE SHEET IMPROVING Message Board

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Gold/Mining/Energy : STE-TSE STELCO BALANCE SHEET IMPROVING

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To: phoenix_investor who wrote (24)	12/1/1997 2:35:00 PM
From: phoenix_investor	Read Replies (1) of 46

Stelco up 50› today, IR positive on 4thQ. Spoke with IR at Stelco last week. Demand and pricing have remained firm through the quarter. Cash Flow running close to 30› per month which is approximately the same as in the 3Q. Stelco is trading at less than 3 X cash flow which has to be one of the lowest in North America. Outlook for early 1998 is positive with plate demand offsetting any potential weakness on the HR side. With a book value of $11.70, P/E ratio <7.5, Debt/Equity ratio <.25 modest dividend, widely held shareholder base, Stelco represents an attractive investment, IMHO. Rusty

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