BSL 3.87% $21.09 bluescope steel limited

Sorry to go against all the negativity - but with a market cap...

  1. 272 Posts.
    Sorry to go against all the negativity - but with a market cap of only $1.3b and net assets at over $4.0b - this has potential to be a good buy in the next year or so.

    Forecasts for earnings ending in FY13 are almost 20cps, that would give a PE ratio of less than 4.

    Net assets more than 3x the market cap, PE of 4? If the management gets their s#&% together, BSL may be an opportunity for some big gains in the long term.
 
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