BSL 1.74% $20.51 bluescope steel limited

Rockme I wondered why the negativity, I see now you are a union...

  1. 1,709 Posts.
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    Rockme I wondered why the negativity, I see now you are a union representative. BSL made some great strategic decisions 10 years ago to reduce their volumes that are exported from Australia ( Closing a blast furnace & the WP HSM) and expanding into the US market. They did this so that they would be able to make great profits in years like this one and probably more importantly still remain profitable in bad years that will come. They continue on with that strategy today trying to maximise domestic sales and expanding Northstar once again.

    I believe the P/E ratio is poor due to the low unfranked dividend which should be corrected once BSLs tax loss is used up.(soon if profits continue)

 
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