BSL 2.15% $22.35 bluescope steel limited

it is going to $12, page-15

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    Went out for the day again and BSL hits $9.60 Sweet.
    sellers might start to dry up a bit more. If they report $1 bill profit at current market cap of $7 bill then thats a return of 14% not bad figures for a company that is just starrting to expand. perhaps any takeover might be after BSL shows this yrs earnings . P/E at $1bill profit and $10 share = 7.7 (earnings is $1.33 per share).
    IMHO thats a cheap price during the current resources / metals climate and BSL could be rerated to $12/$13 over the coming year.
    Cheers.
 
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