Quote:
Originally Posted by CaptainYooh
No kidding, eh?... Blond moment... 
Thanks for the insight. I've listened to BNN Bloomberg comparison of LIF to Stelco and the comparison was much in favour of LIF, as they distribute all of the profits to shareholders. I think that the likelihood of a short-term gain from increased iron demand when the economy recovers in 2022 is reasonably probable above 50%. Plus, huge dividend. Plus, low P/E. Plus, a well-run company. I think it's a decent bet. |
For sure, I agree with all of that (except maybe the part about increased iron demand from a recovery - that already happened and the price went up huge, it has now come down again as the Chinese have slowed steel production for both economic and environmental reasons). Like I said I've owned this for a long time (~5 years, average cost $16/share) and am not selling. Just wanted to make sure you knew not to necessarily expect 24%. Something like 12-15% is a lot more likely (and obviously still good).