BSL 1.00% $21.81 bluescope steel limited

Thanks Orion-x,I was afraid I may have missed something else but...

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    Thanks Orion-x,
    I was afraid I may have missed something else but I'm fine with the employees share plan. Couldn't help myself when they went under $4 so I've dipped my toes in already. If the employees shares plan is the only sin they've committed I guess I can jump in the deep end of the pool on Monday. I'm guessing the recent falls would have been accentuated by margin calls selling from heavy leveraged hedge funds trying to make up for the short bans.
    I don't see bsl staying below $5-$6 for very long, the dividends alone would make them worth buying as a long term investment. Sure the growth in China has slowed to single digits and the steel prices are down but the housing market ( thanks to Rudd's $21K FHOG ) should take some of the slack.

    cheers
 
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