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Stelco Inc (STE.TO)

DON'T BUY
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.
DON'T BUY
It’s going to be worthless.
WATCH
In bankruptcy. Going in the wrong direction. They might restructure and it might work, but watch and wait to see how things come out.
DON'T BUY
Speculation here.
DON'T BUY
Basically finished at this point.
DON'T BUY
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.
DON'T BUY
The message here is " There's a lot of fish in the sea.". This is a gamble. Wouldn't touch it.
DON'T BUY
A speculation.
DON'T BUY
You don't want to touch this with a ten foot pole. There is virtually nothing left by way of equity.
DON'T BUY
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.
DON'T BUY
Been out of them for a while. They are bankrupt and the stock owners will get nothing.
SELL
Doesn't own, but if he did he would sell it. Doesn't think there will be anything left for the stock holders.
PAST TOP PICK

(Top Short April 25/05. Down 55%.) Did well on this one. Still trading at too high a value.

DON'T BUY
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.
DON'T BUY
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.
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