| SELL | 30.550 | John Zechner | A crummy company. They cannot make money. Fundamentally, it's not a good story. | 2007-04-25 | |
| Comment | 21.260 | Michael Sprung | With all the building that is going on, they are doing fairly well after the reorganization. This question would be, if things slow down, particularly in the automotive industry, how well are the steel stocks likely to do? On the positive side, there is a great deal of consolidation on the steel side globally and this could be on some radar screens. | 2007-01-05 | |
| DON'T BUY | 17.000 | John Zechner | Looking at the structure of the company coming out of bankruptcy, there is still a lot of risks in the stock. Their cost structure has not been completely brought under control. | 2006-06-07 | |
| DON'T BUY | 17.950 | Ross Healey | As long as everything continues on the wave that it is this could be a buy. However, this is not cheap and you are nearing the end of the economic cycle. | 2006-05-29 | |
| DON'T BUY | 0.010 | Gavin Graham | It’s going to be worthless. | 2006-03-20 | |
| WATCH | 0.145 | Jim O'Shaughnessy | In bankruptcy. Going in the wrong direction. They might restructure and it might work, but watch and wait to see how things come out. | 2006-02-02 | |
| DON'T BUY | 0.165 | Peter Brieger | Speculation here. | 2006-01-16 | |
| DON'T BUY | 0.270 | Paul Gardner, CFA | Basically finished at this point. | 2005-12-29 | |
| DON'T BUY | 0.215 | John Zechner | No future here for equity holders. Worries about the increased steel production coming out of China. Thinks we have passed the peak in steel prices. | 2005-12-12 | |
| DON'T BUY | 0.185 | Bill Carrigan | The message here is " There's a lot of fish in the sea.". This is a gamble. Wouldn't touch it. | 2005-11-28 | |
| DON'T BUY | 0.195 | Bruce Campbell | A speculation. | 2005-11-21 | |
| DON'T BUY | 0.225 | David Burrows | You don't want to touch this with a ten foot pole. There is virtually nothing left by way of equity. | 2005-11-11 | |
| DON'T BUY | 0.220 | David Cockfield | A company that seems to want to shoot itself in the foot at every opportunity. The union has managed to dig itself into a position that they are not going to leave. Feels the company is going to go into dissolution. Can't see any hope. | 2005-10-12 | |
| DON'T BUY | 0.255 | John Zechner | Been out of them for a while. They are bankrupt and the stock owners will get nothing. | 2005-09-29 | |
| SELL | 0.220 | Bill MacLachlan | Doesn't own, but if he did he would sell it. Doesn't think there will be anything left for the stock holders. | 2005-09-23 | |
| PAST TOP SHORT | 0.700 | David Taylor, MBA, CFA | (A Top Short April 25/05. Down 55%.) Did well on this one. Still trading at too high a value. | 2005-08-29 | |
| DON'T BUY | 0.900 | Peter Brieger | Earlier in the year, hot rolled steel got up to $640 a ton for flat rolled and is now down to below $500 and predictions are for $450/480. This will mean declining earnings. Have to see what the plan is when they come out of bankruptcy. | 2005-07-21 | |
| DON'T BUY | 0.980 | John Zechner | Has been pretty bearish on steel prices for a while. Can't see how they can make money now when they couldn't do it in good times. | 2005-07-04 | |
| DON'T BUY | 1.050 | Peter Brieger | If you look at the reports, the price of steel plate is coming down. Would back off on all the steels right now. | 2005-06-29 | |
| DON'T BUY | 1.670 | Michael Sprung | When it emerges from bankruptcy protection, it is difficult to say what happens to current shareholders. Currently this is speculation, not investment. | 2005-04-28 | |
| TOP SHORT | 1.650 | David Taylor, MBA, CFA | It's bankrupt and there is no equity value. Bids they are getting are for the assets, not the equity. Equity shareholders are going to be massively diluted. | 2005-04-25 | |
| BUY | 2.150 | David Cockfield | Thinks they're coming to a point where both union and management are going to get a little sensible. Just coming together at the right time as the Chinese are starting to export rather than import. | 2005-04-21 | |
| WEAK BUY | 3.150 | Mark Jackson, CFA | Still in CCAA protection, so there is risk that they can't restructure and come out strengthened. Due to the strength of the steel market they will recover, do an equity issue and come out fairly well. | 2005-04-13 | |
| DON'T BUY | 3.400 | John Zechner | The 1st quarter is going to be a real mixed bag with all that's going on in Chapter 11. Really questions how much is going to be left for the share holders. Steel markets are definitely rolling over. China has slowed, North America is slowing down. Auto industry is under pressure. | 2005-04-06 | |
| DON'T BUY | 3.520 | Matt Baillie | A gamble. You're betting on what the courts are going to decide regarding a CCAA. | 2005-03-16 | |
| DON'T BUY | 4.170 | David Baskin | Buyers are pushing to stock price up. Amazed that it has gone so high. | 2005-03-08 | |
| VAGUE | 2.550 | David Baskin | Problems are pension overhang, recently done well due to good steel markets. | 2005-02-28 | |
| SELL | 2.980 | John Zechner | Looking at the value of the company and the generation of cash, and that debt holders have to be paid before any money gets to the equity holders, he would be inclined to take his money and walk. | 2005-02-14 | |
| DON'T BUY | 3.090 | Ron Meisels | It could run into some resistance at this point. Expects there will be some profit takers coming in. He owns and is looking at $3/3.50 to take some profits. | 2005-02-01 | |
| BUY | 2.470 | Peter Brieger | Will have to have a much firmer view on future steel prices. A great speculation as something positive is going to happen. Not sure who will end up buying it Teachers/Sherritt consortium or Algoma. Speculative. | 2005-01-27 | |
| DON'T BUY | 2.140 | Paul Harris, CFA | Stock has gone up is because of the price of steel. Not a well run company. Very high cost structure. If steel prices drop, they'll start to lose money again. Another problem is that China was an importer of steel, but are now becoming an exporter. | 2005-01-24 | |
| VAGUE | 2.090 | Gavin Graham | Surprisingly, existing shares might have some value, because steel has made a comeback. Currently gushing cash. | 2004-12-30 | |
| SELL | 1.810 | Michael Smedley | | 2004-11-25 | |
| DON'T BUY | 1.440 | Neil Wickham | The company is in CCCA (receivership). Usually, in this situation, common shareholders get nearly eliminated. | 2004-11-23 | |
| DON'T BUY | 1.440 | Norman Levine | A bankrupt steel company. Biggest customer just walked away. Would look elsewhere for steel. | 2004-11-23 | |
| DON'T BUY | 1.480 | Blair Wilson | Shareholders will probably end up with nothing. | 2004-11-10 | |
| DON'T BUY | 1.230 | Martin Hubbes, CFA | Avoid. | 2004-11-05 | |
| HOLD | 1.230 | Ray Steele | Struggling through bankruptcy. Commodity prices have improved dramatically. Still have problems with their personel and energy costs. | 2004-11-03 | |
| DON'T BUY | 1.210 | John Zechner | Concerned about the rate of growth in China slowing down, so doesn't own any steels. Some of the companies are going to have a harder time because of higher oil prices as well as the higher Cdn$ and slowdown in autos. | 2004-10-27 | |
| DON'T BUY | 0.970 | Ron Meisels | Has been weak and in a major downtrend. Speculative. | 2004-10-20 | |
| HOLD | 1.180 | David Cockfield | Went into receivership trying to get major concessions from the unions, buy there has been a boom in metal prices and they are making money. | 2004-10-14 | |
| DON'T BUY | 1.370 | Gordon Higgins, CA, MBA, CFA | Once a company goes into CCAA, it's essentially bankrupt. | 2004-09-30 | |
| VAGUE | 1.120 | Rob Callander | This stock hasn't worked out. Speculative. Short term trading. | 2004-09-23 | |
| DON'T BUY | 1.180 | Laura Wallace | Wouldn't buy when it's in bankruptcy. Pure speculation. | 2004-09-20 | |
| DON'T BUY | 1.200 | Ben Stadelmann | Company is still in a tough spot. Pension liability and debt are still there. You could end up with only $0.30 on the $1 if they are liquidated, but if it goes ahead, it'll be a home run. | 2004-09-16 | |
| DON'T BUY | 1.200 | Peter Brieger | Could be a government roll back on tarrifs of rolled steel which would allow more steel into Canada. | 2004-09-15 | |
| DON'T BUY | 1.050 | Ian Nakamoto | A higher risk investment compared to other steel companies. Prefers others. Speculative. | 2004-09-14 | |
| DON'T BUY | 1.020 | David Baskin | Great risk of getting your fingers burned. | 2004-09-09 | |
| DON'T BUY | 0.820 | Norman Levine | Hugely speculative. | 2004-09-08 | |
| VAGUE | 0.800 | Werner Muehelemann | Very bullish on the steel market, but prefers others. | 2004-09-07 | |
| DON'T BUY | 0.800 | Ross Healey | The company has to deal, first and foremost, with its unions, pension issues, and so on. | 2004-08-16 | |
| DON'T BUY | 0.770 | David Burrows | Have just made a profit, but it is the first one since December 2002. Under bankruptcy protection. Doesn't look good. Too risky. | 2004-08-03 | |
| DON'T BUY | 0.690 | Norman Levine | Purchase of this stock at this time would be a gamble as the company is going bankrupt. | 2004-07-19 | |
| DON'T BUY | 0.690 | Benj Gallander | Union/management problems have created a troubled company. | 2004-07-16 | |
| DON'T BUY | 0.700 | Peter Brieger | Too speculative. | 2004-04-14 | |
| SELL | 0.620 | David Taylor, MBA, CFA | Will be worthless. | 2004-04-06 | |
| BUY | 0.760 | Mark Jackson, CFA | In a restructuring mode. Equity holders will be under pressure. | 2004-03-15 | |
| DON'T BUY | 0.800 | Michael Smedley | Needs a complete revamping regarding management, unions and other ways. | 2004-03-08 | |
| DON'T BUY | 0.820 | Laura Wallace | Speculating on what you are going to get when a company goes into bankruptcy is that the high-end of speculation. In almost all cases, the equity holder gets almost nothing. | 2004-02-25 | |
| DON'T BUY | 0.800 | Norman Levine | Likes the steel business but would buy Ipsco instead. This company is bankrupt and you should never buy a bankrupt in the hopes that it will revive. Hugely speculative. | 2004-02-23 | |
| DON'T BUY | 0.900 | Gavin Graham | This is a bankrupt company. Minority shareholders could end up with zero. | 2004-02-17 | |
| DON'T BUY | 0.900 | Brian Acker, CA | (Q) If you had a substantial holding, would you sell or hold on? (A) A strategy that might work is to sell half and hold the rest as there isn't much left to lose. | 2004-01-30 | |
| VAGUE | 0.790 | David Cockfield | Creditor protection was good move, positive developement | 2004-01-29 | |
| SELL | 0.830 | Laura Wallace | Not recommended, unless prepared to lose everything. | 2004-01-29 | |
| SELL | 1.650 | Andrew McCreath | In a tough industry, lots of labour issues, bonds have rallied/stock is not. 80 cent dollar would bankrupt company 1.60 cent dollar would make them money. Wouldnt own a stock like that | 2004-01-28 | |
| DON'T BUY | 1.630 | Andrew McCreath | The Canadian dollar has to be a lot weaker for this company to have any success. A tough industry and they have a lot of labor problems. | 2004-01-26 | |
| DON'T BUY | 1.900 | Ross Healey | Needs a lower Cdn $. Dofasco is dragging which gives a view of how people are viewing the Canadian pricing and Canadian steel industry. | 2004-01-20 | |
| DON'T BUY | 1.590 | Benj Gallander | On their watchlist. | 2004-01-09 | |
| DON'T BUY | 1.990 | Laura Wallace | Continues to have a very iffy balance sheet. Feels that steel companies have moved too far and too fast. | 2004-01-07 | |
| DON'T BUY | 2.210 | Gavin Graham | In spite of the boom in the US economy and the increase in steel prices, this company is still losing money. | 2004-01-06 | |
| DON'T BUY | 2.420 | Michael Smedley | Steel industry globally, is running very strong. Should go insolvent so that they could restructure. | 2004-01-05 | |
| BUY | 2.450 | Ray Steele | Steel cycle is starting to pick up. | 2003-12-31 | |
| DON'T BUY | 2.200 | Peter Brieger | An article in Barrons Re: a shortage of steel, sparked an interest. Would rather own the convertible debentures. Speculative. | 2003-12-22 | |
| DON'T BUY | 2.140 | Michael Smedley | Not a fan, but the steel industry in Canada seems to be back on wheels. Good benefits in the short term. | 2003-12-18 | |
| DON'T BUY | 2.320 | David Burrows | There is a risk that they could run out of cash. You are better off buying the leader in the industry. | 2003-12-16 | |
| DON'T BUY | 1.690 | Jonathen Wellum, B. Comm, B. Sc | Steel industry in Canada is a tough spot to be in. Unpredictable. | 2003-12-12 | |
| DON'T BUY | 1.640 | David Baskin | There is a question if the company will be in existence a year from now. | 2003-12-09 | |
| DON'T BUY | 1.220 | John Sinkins, CFA | Very speculative. They're trying to restructure as well as negotiating with the unions. | 2003-12-08 | |
| DON'T BUY | 1.120 | Michael Sprung | Trying to stave off bankruptcy. Hard to see where there is real value for a value investor. Highly speculative. | 2003-12-01 | |
| DON'T BUY | 1.150 | Fred Pynn | Has a very impaired balance sheet. There is a risk of receivership. Not very profitable and have a lot of debt. A lot of unfunded pension liabilities. | 2003-11-27 | |
| DON'T BUY | 1.150 | Peter Brieger | Suffering because their assets are for sale and difficult union contracts. Would prefer their convertible debentures. | 2003-11-25 | |
| DON'T BUY | 1.200 | Bruce Campbell | A lot of speculation about it going into receivership. | 2003-11-24 | |
| DON'T BUY | 1.190 | Benj Gallander | The company is facing bankruptcy. If they can avoid this, the stock has the potential to triple or quadruple. | 2003-11-13 | |
| DON'T BUY | 1.200 | Peter Arender, CFA | Steel industry is probably near the bottom of a cycle. Would prefer other companies. Fundamentals are poor. | 2003-11-11 | |
| DON'T BUY | 1.190 | Ted Macklin | Steel assets are seldom shut down. They always come back from restructuring. Not a fan of the steel industry. | 2003-11-06 | |
| DON'T BUY | 1.120 | Benj Gallander | Thinks there is a better than 50-50 chance that it will go bankrupt. Having great difficulty. Negative cash flow. | 2003-11-04 | |
| DON'T BUY | 1.120 | David Cockfield | Expect it will survive but has major hurdles. Have a very tough labour contract. The next six to nine months should tell the tale. | 2003-10-31 | |
| DON'T BUY | 1.060 | David Baskin | Imports to North America are killing the steel industry. Stronger Canadian dollar is also a problem Stelco. Not confident about this company. Dofasco would be the better buy it you are buying steel. | 2003-10-28 | |
| DON'T BUY | 1.060 | Ben Stadelmann | Took a tax loss on this stock in the summer. They have their back against the wall. Negotiating with unions, which will probably tell the tale. Very risky. | 2003-10-23 | |
| DON'T BUY | 1.180 | Brian Acker, CA | Steel prices are firming up. Canadian dollar is probably hurting. On life support. | 2003-10-17 | |
| WEAK BUY | 1.210 | Ross Healey | Iron ore prices have been strong and hopefully still prices will follow suit. Would also like to see less dumping of steel. Trading at a very low discount to book. Might be worth the gamble. | 2003-10-09 | |
| WEAK BUY | 1.210 | Peter Brieger | Expects they will sell every operation except for their Fort Erie one. If they can, presumably they will survive. An interesting speculation. You could also look at the convertible debentures, which yield about 35%. | 2003-10-08 | |
| DON'T BUY | 1.270 | Bruce Campbell | Hot rolled steel prices look like they're coming back a little bit. Stelco needs substantially higher prices to survive in this form. A very high-risk situation. | 2003-10-06 | |
| WATCH | 1.290 | Rob Callander | Has been an extremely disappointing stock. If we continue to have economic recovery, thinks that Stelco has the potential to turn around. A speculative, higher risk at this time. Watch what management has to say on the third quarter. | 2003-10-01 | |
| DON'T BUY | 1.350 | Brian Acker, CA | On life support. Not sure it's going to make it. | 2003-09-25 | |
| DON'T BUY | 1.360 | Robert Floyd | Between Dofasco and Stelco, this is the one that is always flirting with bankruptcy. Can go up, but the risk is high. There are balance sheet concerns. They may have to sell off some assets. | 2003-09-22 | |
| WEAK BUY | 1.380 | Gavin Graham | Doesn't think it will go broke. Selling off some assets. New management. Will double if there is a recovery in the world economy. | 2003-09-18 | |
| BUY | 1.420 | Larry Berman CFA, CMT, CTA | Has a decent technical bottom developing. High risk, but potentially high rewards. Technically, if it goes below 0.90¢, it will go to zero. Put a stop in at 0.90¢. | 2003-09-15 | |
| DON'T BUY | 1.320 | David Taylor, MBA, CFA | They need higher steel prices to survive. | 2003-09-12 | |
| DON'T BUY | 1.220 | Michael Sprung | Market perceives that its book value is impaired. Steel market continues to be under attack from imports. Poor balance sheet. | 2003-09-11 | |
Experts that have talked about Stelco Inc
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