SCHN - Schnitzer Steel Industries: The Balance Sheet Is Very Robust

Summary

• The current price decline in Schnitzer Steel Industries stock is the reflection of a complex economic and industry landscape.
• The company's revenue has once again taken the path of growth thanks to acquisitions.
• The dividend is frozen since 2013 while buybacks are paused.
• The company is profitable and the dividend cash payout ratio is very low.
• Investors should consider averaging down as the share price is very susceptible to high volatility in the short and medium term.

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