IPSCO Inc.

Thesis

IPSCO was an attractive investment due to its strong cash position and predictable cash flows, with $15 per share in cash and locked-in earnings for the next two years. The stock was trading at $45, effectively valuing the rest of the business at zero, which presented a significant margin of safety.

Did it work?

Not yet analyzed

No outcome has been scored for this pitch yet, so there's no verdict to show.