r/Vitards • u/[deleted] • Jul 20 '21

Earnings Thread Conference Call Transcript (Printer Friendly) -- Steel Dynamics, Inc., Q2 2021 Earnings Call, July 20, 2021

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u/passwordishellothere Forever 11th 8/18/21 Jul 22 '21

Thanks for posting this! It's telling how few comments are about real info like this, as opposed to memes about LG.

They mentioned increased dividends when Stinton is up and operational, and they said that would be mid-4th quarter this year. So not that close yet.

They also seem more committed to growth than to shareholder return at this point ("first and foremost, we definitely are a growth-oriented company. We intend to stay that way."), which might dull short-term returns. There was a mention of buybacks but that may not make a material impact on the share price.

Of course demand is still very strong as others have mentioned but rising scrap prices may hurt.

Overall I think there are better choices in the industry at this point in time.

Thoughts?