Today’s Stock: Steel Dynamics, Inc. (STLD)Today’s Stock: Steel Dynamics, Inc. (STLD)

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.

This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals.

The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, joist girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, property owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

My Thoughts 💭 My Thoughts 💭

Never heard of this company. It appears they do it all when it comes to developing steel products. Let’s take a closer look to see if Ansel made a sound investment into this company with his re-industrialization portfolio.

At 237.8k sats per share ($71,344), and a 28k sat per share yearly dividend. It would take 85 years to break even.

The company trades at a PE 21 which means investors are paying $21 access $1 of earnings. The stock is trading at an elevated price but far from being expensive by historical standards.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

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The fundamentals of this company are good.

The balance sheet is decent, the growth prospects are good (projected to grow much slower than bitcoin), reasonable valuation, pays a decent dividend, and it appears to be founder led who is under paid.

The only negative is the high ownership of institutions.

From a Bitcoiner perspective. Paying 237k sats for one share is expensive but I think it is worth it for this company. The fundamentals of this company are strong and with re-industrialization coming to America this company should have a great opportunity to capture market share and exceed the growth targets.

Here is the performance according to Simply Wall Street

Solid pick by Ansel here. Big fan of the fundamentals of this company. The products and services they are will be critical as USA will need a ton of steel to bring industry back to within American borders. To conserve sats I would DCA a few sats a week into this stock and be happy with my investment.