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home / news releases / ASTL - Algoma Steel: Superlatives Are Needed To Describe The Financial Performance

ASTL - Algoma Steel: Superlatives Are Needed To Describe The Financial Performance

Algoma Steel Group Inc.
  • Algoma Steel was trading at an EV/EBITDA ratio of 0.5 right before the earnings announcement. I have never seen anything like it.
  • The company will spend US$400M on a Dutch auction stock buyback.
  • Even after this buyback is completed, the company will likely have close to US$500M in net cash on the balance sheet.
  • The futures market is showing a declining steel price, but Algoma Steel is ready for the future.

For further details see:

Algoma Steel: Superlatives Are Needed To Describe The Financial Performance
Stock Information
Company Name: Algoma Steel Group Inc.
Stock Symbol: ASTL
Market: NYSE
Website: algoma.com
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