BSL 0.38% $20.87 bluescope steel limited

Am I missing something where folks?, page-6

  1. 1,847 Posts.
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    Correct, they are net cash and the value of their assets and cash is more than the value attributed to it by the market. 


    They look like one of the cheapest businesses on the market and all as a result of the trade war and fears that China will have a hard landing. Having said that. They have diversifed the business quite well and are selling into a booming S.E Asia, still surprisingly solid market in Australia and New Zealand and not forgetting U.S economy is still looking good where they also sell product. 


    I've bought two parcels at 14 and 14.70 but will likely buy more when I get BHP and other dividends. 

 
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