re: we have not seen the bottom yet The company still has a lot of cash. They have not bought any shares back since Jan 27. I have raised the question previously whether people know how the company will distribute the excess cash ie off market buy-back or special dividend. Hence otherwise Arcelor, Mittal, Nippon or Thyssenkrupp will come and buy Bluescope with its own cash. Also the financial review did a bad article about Mittal today and this usually turns out the best times to buy steel stocks. Everyone is now expecting doomsday from Bluescope on Feb 20. If there is some positive news that day we could see it rally for the next week leading up to it going ex-div on feb 28.
re: we have not seen the bottom yet The company still has a lot...
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$21.22 |
Change
-0.110(0.52%) |
Mkt cap ! $9.338B | |||
| Open | High | Low | Value | Volume |
| $21.10 | $21.28 | $20.96 | $57.49M | 2.716M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4215 | $21.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.24 | 50 | 1 |
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