Added to YB: 2025-11-11
Pitch date: 2025-11-07
ASTL [neutral]
Algoma Steel Group Inc.
+14.97%
current return
Author Info
Triple S is a professional special situations investor who shares ideas in their newsletter. Sign up for the newsletter.
Company Info
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally.
Market Cap
$526.7M
Pitch Price
$3.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.98
P/E
-0.71
EV/Sales
0.57
Sector
Metals and Mining
Category
special_situation
ALGOMA STEEL (ASTL)
ASTL: Canadian steel co trading 40% of book value, pure tariff reversal play. Supreme Court skeptical of Trump tariffs in Nov arguments, 75% odds of invalidation by mid-2026. Stock at $3.71 vs $7-9 target if tariffs removed, restoring US exports + locked Canadian infrastructure demand. Covered call strategy: buy $3.71, sell $4 Jan call for $0.70, reducing basis to $3.01.
Read full article (4 min)