Discover Palos Wealth Management
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 31 – A Stellar Quarter For Stelco
On August 1, 2018 Stelco Inc (TSX:STLC) announced a very strong second quarter. Revenue came in at $711 million versus the street estimates at $586.5 million. Even thought the company incurred $11 million of cost from the Trump tariffs, the company’s EBITDA came in at $175 million beating consensus at $141.6 million. In addition, margins continued to expand as management focusses on efficiency. For example, STLC has added distribution capacity through additional rail cars and has also implemented inventory management tools to alleviate inventory build.
Continue Reading in PDF