Dino's Bar & Grill Message Board

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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	6/15/2018 8:13:37 PM
	Read Replies (2) of 202707

Stelco Holdings (STLC-T) top pick from Frank Mersch on BNN.ca Market Call Friday June 15th @ 1200ET A value play despite trade tariffs, we believe Stelco will benefit from higher steel prices. Just as we have seen our lumber stocks rocket, the same could happen to Stelco. Stelco recently emerged from bankruptcy proceedings as one of North America’s leading integrated steel producers of premium-quality coated, cold and hot rolled steel products The company has significantly improved its balance sheet (they’re essentially debt-free), pension obligations (it transferred pension and OPEB liabilities to a third-party trust) and negotiated friendly union contracts for the short- to mid-term. The company is very reasonably valued and it’s now refocused on growth through reestablishing contracts with old customers (autos), introducing new products and inorganic growth through acquisitions.

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