Q: I saw your answer from a couple of weeks ago suggesting to hold Stelco but with earnings approaching in less than a week would you advise me to hold or sell half of my position in Stelco? It has become a large position of approx. 10% with the latest price movement. Thanks in advance.
5i Research Answer:
Stelco is in the process of being acquired by CLF. There is always some deal risk but now quarterly earnings do not mean much. We would be fine continuing to hold and tendering to the acquisition. Most of the deal ($60) is for cash.