STOCKCHASE

(Top Pick Oct 2/09, Up 40%) It hit his 25% target and he exited.

2010-10-15

PAST TOP PICK

11.690

(A Top Pick Sept 18/09. Up 30%.) Another company acquired this.

2010-09-08

PAST TOP PICK

7.560

(A Top Pick Oct 2/09. Down 8.4%.) A higher torque name, which puts a little spice in your portfolio and is part of the infrastructure story. Still a Buy.

2010-05-03

Comment

7.620

Jim Huang

Structural steel and construction industry in North America has been in a downturn over the last couple of years. There are some early signs that we may have hit the bottom. If you're horizon is 12-24 months, you can buy, otherwise he would wait.

2010-04-19

PAST TOP PICK

7.420

(Top Pick Sep 18/09, Down 14.7%) He got stopped out around $8.50.

2010-03-02

Comment

8.310

John Zechner

Prefers the mini-mills to the large integrated steel producers. You don't get nailed as much by the increase in iron ore costs.

2010-02-01

DON'T BUY

8.470

Andrew McCreath

Recent quarter was okay but is a little concerned about the space. Import battles are starting between countries. Utilization rates for steel mills in the US are well below what is appropriate for making good money. A lot of hype about infrastructure spending but state and local spending are going down.

2009-11-09

WAIT

7.450

Craig MacAdam

One of the few plays left to play pure steel stocks in North America. Global player. Would be cautious on steel companies today because of the significant ramp up of production in China while prices have been pretty well flat. Demand could be down because of economies. Earnings coming out on Nov 5.

2009-11-02

TOP PICK

8.310

A stimulus play. You can get a lot of alpha out of this play if there continues to be a lot of stimulus money going into the economy. Try to get it below $8.

2009-10-02

TOP PICK

9.070

Steel. Has started a new major up leg having made a congestive area and the stock is on the break up. Above the 200 day moving average. Fantastic stock.

2009-09-18

BUY

7.370

Buying. Infrastructure theme. Not leader in market. If we get into an expansion this will definitely outperform one of his top picks.

2009-08-17

Comment

7.920

Steel making is one of the areas that he thinks he is going to invest in. This company is one of the minors in this sector. If we don't get the trickle-down effect from infrastructure spending, larger companies may still be able to get good earnings. Likes the company. (See Top Picks.)

2009-06-01

BUY

5.850

Andrew Cook

Likes it. 25-30% out of this stock. Has pretty good up side potential.

2009-04-24

BUY

6.020

Peter Gibson

By the middle of next year, there will be a view that the emerging economies are really pushing hard to prop up their economic growth. Currently there is a lot of concern about the steel industry and the impact of the slowing economy. ROE level is high. PE is 2X on a trailing basis and 3X on a forward basis. His only concern is the yield of 8.8% and carrying a lot of debt.

2008-12-09

WAIT

6.700

Robert Floyd

Steels are basically cyclicals and you want to be out of them at the top of the market and buying when the economy starts to pick up. Earnings can come down substantially as demand for the product drops. Another big influence is dumping of steel. Would probably Buy as we progress through this slowdown.

2008-10-30

BUY

16.290

Brian Acker, CA

This company is not big enough to make it into his portfolio. However, the fundamentals are quite good. Based on their December balance sheet, his model prices $24.76, a positive differential of about 54%. Any pull back to $14.50 would be a great buying opportunity.

2008-05-08

BUY

14.900

This is about the last one of these standing in the public market in Canada. Had mixed results, but would buy it anyway.

2008-02-21

DON'T BUY

11.120

Fairly well diversified. A Brazilian company that bought Canadian operations. An economically sensitive product, China has been moving into the market. There will be other places you could make more money.

2007-11-19

BUY

8.800

2nd largest mini-mill in North America. Trades at around 7 X earnings. Not tied to the consumer i.e. autos, washers, etc. which he likes. Geared towards infrastructure. Cash flow is strong and the balance sheet has improved significantly.

2006-06-14

BUY

11.800

Has gone from $6 to over $12 and is probably overbought. Wouldn't be surprised if there were a correction. It is a very up trending stock.

2006-04-24

BUY

11.700

Steel continues to be a strong sector. A very good solid company.

2006-04-20

BUY

6.530

Loves this stock. Good management. They should earn $1 US and at the present price, you can’t go wrong with it. The balance sheet keeps getting better and they are looking for acquisitions. Pulled back because steel prices peaked and rolled over. Expect there will be further dividend increases.

2005-12-20

BUY

6.130

Sold all his steel stocks except for this one. Continues to announce great earnings. to the tune of US$0.25 a quarter. Extremely strong management. Not widely covered. They are into non-residential construction in the US such as road and bridge. A new highway bill has been announced. Dirt cheap.

2005-08-29

BUY

6.160

Brian Acker, CA

His model price is substantially above its curent price at around $20.

2005-08-04

BUY

5.700

Ross Healy

Has lots of upside potential and on the P/E side it's ridiculous. Looks attractive.

2005-06-16

DON'T BUY

5.820

Has slid off a great deal. Steel is a very cyclical industry. Has been enormously profitable over the last couple of years. Well run company, but this is probably not the time you want to be in a deep cyclical like steel.

2005-06-08

VAGUE

5.700

Bruce Campbell

The group including Gerdau Ameristeel (GNA-T), Algoma (AGA-T), Ipsco (IPS-T) and Dofasco (DFS-T) to a lesser extent has come off of its peak. Looks like steel prices have peaked for the cycle yet these stocks are extremely statistically cheap. Could be some activity like takeovers, as cash builds up. Find one that is cheap and could be taken over.

2005-05-16

BUY

6.500

Likes the company. You have to slice your steel companies into those that have auto exposure versus those that don't. This one doesn't. More geared towards infrastructure spend which is an area he likes. Well run. Have raised money. Solid balance sheet.

2005-04-13

BUY

7.260

Doing very well. Just broke out of a major inverse head and shoulder which is a very positive formation. Stock had run up to $9 and has fallen below $8. Would be a much more attractive stock than Dofasco (DFS-T).

2005-04-11

HOLD

7.850

Bruce Campbell

Hot rolled steel prices have rolled over a little bit, so the stocks have given back a little. Doesn't expect to see another run, but they are extremely profitable high prices. If they do just go sideways here, they'll make a fair bit of money. Prefers Algoma (AGA-T) for the leveraged side of steel. To be safe, you would go to the fabricators, Harris (HSG-T) or Russel (RUS-T).

2005-03-24

BUY

7.700

Larry Berman CFA, CMT, CTA

Likes the steel sector and owns Ipsco and Dofasco, but not this one. It's on their radar screen. Likes their US acquisition.

2005-02-07

WEAK BUY

7.700

Brian Acker, CA

A fundamentalist would have bought the stocks 1 1/2 years ago. In a lot of these stocks, we're in the top of the 8th inning. The only appreciation you're going to get in these stocks is as the earnings come on the balance sheet. The best one in the steels is Dofasco, but it doesn't have any of the appreciation of the last few years.

2005-02-07

DON'T BUY

7.700

The group's been a leader for 1 1/2 years, both technically and fundamentally. Near the end of its run.

2005-02-07

STRONG BUY

7.660

Have done an unbelievable job of cost cutting. Made some fantastic acquisitions. Just announced a dividend. Going forward, this company has got what it takes to be a fantastic company. Conservative management. Tied to non-residential steel, so if a highway gets built, this stock benefits.

2005-02-02

STRONG BUY

7.000

Has formed a W base which is the strongest base and also has broke above the neckline.

2005-02-01

DON'T BUY

7.000

Well run company. Steel cycle continues to look attractive. In some areas that are going to come under some near term pricing pressure, specifically rebars. Has had a good run, but needs to come back to the $5/6 range before they buy.

2005-02-01

BUY on WEAKNESS

7.830

Bruce Campbell

Moved up quite nicely lately, and would use closer to $6 as an entry point. Would prefer Algoma which has the most leverage and generates the most cash.

2005-01-04

DON'T BUY

8.350

Glenn MacNeill, P.Eng.

Steel cycle has seen a fairly good run. This stock trades on the expectation of steel prices. If you own, take some money off the table.

2004-12-29

BUY

6.240

David Burrows

Trading in a new high. Doing very well.

2004-09-02

BUY

6.120

Robert Floyd

This company is in the great space right now. Earnings coming out our moving ahead at a dramatic rate. Steel is in high demand. Order book is filling up in the first few days of every month.

2004-08-03

PAST TOP PICK

4.750

(A Top Pick Jan 5/04. Down 5%.) Still likes. Brilliant management.

2004-03-08

DON'T BUY

4.380

Was a nice turnaround story with debt being paid off and steel prices rising. However, scrap steel is getting expensive. Fully valued now.

2004-01-14

BUY

5.220

Have seen a fairly big move in steel stocks in the last year as they had been a lagging group. Has very good leverage to the economy. Has some potential for growth.

2004-01-08

DON'T BUY

5.300

If steel continues to be strong, the stock should do OK, but prefers larger companies.

2004-01-06

TOP PICK

4.990

Hasn't run too much, so it's an opportunity.

2004-01-05

BUY

4.150

It should keep moving up as long as the steel price stays strong.

2003-12-15

BUY

4.110

Most of their assets are in the US which gives them positive leverage to the global economy. Excellent assets and fairly good management.

2003-12-09

PAST TOP PICK

3.590

(A top pick Sept 12/03. Up 3.44/3.60.) Still likes. Cutting costs. Trades at half the multiples that other steel companies are trading at.

2003-11-17

BUY

3.460

Not a bad play, but keep an eye on steel prices.

2003-09-18

TOP PICK

3.440

(Was A Top Pick Aug 5/03. 3.05/3 .10%.) Still likes and still buying. Expects steel prices to go higher. Impressed with management.

2003-09-12

TOP PICK

3.030

Feels the economy is starting to turn. It is trading at just over half times book value. It may be a bit early. Reasonable debt position and low-cost production.

2003-08-27

BUY

3.150

People are starting to own steel because of expectations of a growing economy.Has one of the lower costs in production.

2003-08-20

TOP PICK

2.640