wondering Posted November 19, 2018 Share Posted November 19, 2018 https://www.fairfax.ca/news/press-releases/press-release-details/2018/Fairfax-Announces-Acquisition-of-Shares-of-Stelco/default.aspx Link to comment Share on other sites More sharing options...
StubbleJumper Posted November 19, 2018 Share Posted November 19, 2018 A company which has declared bankruptcy in the past, in an industry that is subject to new US tariffs on steel and is being bought at the top of the economic cycle. Perfect. What could possibly go wrong? SJ Link to comment Share on other sites More sharing options...
StubbleJumper Posted November 19, 2018 Share Posted November 19, 2018 FFH announces an investment of CDN$250m in Stelco and then the market cap this morning is down by ~CAD$150m. SJ Link to comment Share on other sites More sharing options...
mcliu Posted November 19, 2018 Share Posted November 19, 2018 Cyclical industry, commodity products, lots of pension obligations. What's not to like? ;D To be fair, they've done fairly well on some of these investments like Ridley and Resolute (maybe). Link to comment Share on other sites More sharing options...
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