BlueScope Limited – A cheap growth stock

Why look at BSL Limited? After reaffirming its previous guidance provided in August, that 1H FY2019 underlying EBIT will be approximately 10% higher than 2H FY2018, BSL yesterday announced a $250m share buyback.

Following the recent completion of the buy-back announced in August 2018, BlueScope announced that it will commence a new on-market share buy-back as the company approaches its stated goal of net cash on the balance sheet of $200-400 million.

From the horse's mouth, “BlueScope has clearly stated financial principles and a disciplined approach to capital allocation. Naturally, we will always