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STLC Stelco Holdings Inc

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  • 66.000
  • +0.660+1.01%
15min DelayMarket Closed Jul 18 16:00 ET
3.63BMarket Cap16.34P/E (TTM)
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    Good morning mooers! Here are things you need to know about today's market:
    ● S&P/TSX 60 Index Standard Futures are trading at 1,356.00, down 0.15%
    ● Markets react to Trump attack with bullish trades
    ● Cleveland-Cliffs set to acquire Canadian steelmaker Stelco for $2.8 billion
    ● Alamos up slightly in U.S. pre-market after eliminating majority of Argonaut hedge book
    ● Corus Entertainment reports increase...
    Everything You Need to Know on Monday: Cleveland-Cliffs Set to Acquire Stelco for $2.8 Billion
    Stelco is a Canadian integrated steel manufacturer that was at one time part of the US Steel Group.  Its present corporate set-up followed its divestment by US Steel and a re-structuring and 2017 IPO.
    Stelco is in a cyclical sector. As such, I analyzed and valued Stelco based on its performance over the cycle. The challenge with Stelco is that data was only available from its IPO year of 2017.
    Given this, I took the 2018 to 2020 average values to represent the performance over the cycle. ...
    StelcoExpand
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