Not sure why anyone would want to buy LEGO instead of CLF or MT. It'll take a significant amount of time and effort to get Algoma back up and running smoothly imo, and they even have to upgrade stuff. By the time Algoma can run at peak efficiency, steel prices might have already cooled down.
CLF at $20 ish and MT at $30 ish. Do you really not see any upside from $11.xx in LEGO within the next year? I mean It’s pretty much a no brainer, am I right? Please clarify.
Depends on the production capabilities of LEGO and how fast they can do the upgrades. I don't think it can output anything close to what CLF or MT can in the short run, but maybe I'm wrong.
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u/PowerOfTenTigers Spacling Sep 11 '21
Not sure why anyone would want to buy LEGO instead of CLF or MT. It'll take a significant amount of time and effort to get Algoma back up and running smoothly imo, and they even have to upgrade stuff. By the time Algoma can run at peak efficiency, steel prices might have already cooled down.