ALGOMA STEEL Group Misses Q2 Gaap Eps By $0.06

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Algoma Steel Intrinsic Stock Value – Algoma Steel ($NASDAQ:ASTL) Group is a steel company based in Canada. 36, missing the estimates by $0. 06.

Algoma Steel attributed the miss to the lower than expected shipments and higher costs. Algoma Steel is expecting the costs to improve in the second half of the year.

Market Price

On Monday, their stock opened at $7.4 and closed at $7.2, down 1.5% from the last closing price. This struggling company is in need of some serious help in order to get back on track.

VI Analysis – Algoma Steel Intrinsic Stock Value

The company’s fundamentals reflect its long-term potential, and the company’s intrinsic value is around $11.0, calculated by the VI Line. However, the stock is currently traded at $7.2, which represents a 35% discount to its intrinsic value. This makes Algoma Steel an attractive investment opportunity for value investors.

Summary

Algoma Steel is a Canadian steel company based in Sault Ste. Marie, Ontario. Algoma Steel is the second largest steel producer in Canada. Algoma Steel has a long history of operating in Sault Ste. Marie. The company’s steel mill is the largest employer in the city.

Algoma Steel is an important part of the local economy. The company’s steel mill is one of the largest employers in the city. The company’s shares are also traded on the pink sheets in the United States. Investors may be interested in Algoma Steel because of its long history, its importance to the local economy, and its steel mill.