What do we think of the Bluescope Steel (BSL) share price?
Stock
Bluescope Steel (BSL) $14.85 as at 8/04/2019
Event
MM has been watching Bluescope Steel for most of 2019 and probably too long in hindsight! The company beat earnings expectations in February and looks set to increase growth when its full-year numbers are released. However now the “risk on” button looks set to be the “order of the day” into the end of this FY we can see BSL significantly outperforming the ASX200. Again the easing of US – China trade tensions is also a handy tailwind moving forward.
The shares are currently trading on a conservative P/E for 2019 of under 8x while essentially yielding nothing at this point in time.
BlueScope Steel (BSL) Chart
Market Matters Take/Outlook
