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$6.92 -1.15 (-14.25%)
10/7/2008 4:01 PM

Gerdau S.A. (ADR) (GGB)

CAPS Rating:
****

The Company focuses on the decentralized production of long steel using electric arc furnace mini-mills and integrated mills with blast furnaces and continuous casting technology being used in both processes.

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Recs

3

Avatar ranessirhc (< 20) Submitted: 6/20/08 12:08 PM : Outperform Start Price: $24.61 GGB Score: -47.39

How did this drop more than 51% in one day?

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Avatar AYVAR20001 (< 20) Submitted: 6/20/08 1:27 PM

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HEY HAVE U FOUND OUT WHY?

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Avatar Fallen001 (< 20) Submitted: 6/20/08 2:17 PM

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Split ... CAPS will get it right tomorrow when the data updates ... They never get the splits right on the same day ... blame programing ...

Anyways, BUY THIS PIG ASAP ... BRAZIL STEEL IS GOING TO BE HELL ON WHEELS MAKING ALL THE NEW SHIPS, PLATOFORMS, AND PIPING FOR PETROBAS ...

check petrobas's order for those items over the next 5 years...simply amazing ...

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Avatar SavaShare (28.71) Submitted: 6/21/08 10:19 PM

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Stock Split.

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Avatar OPortifoy (25.18) Submitted: 6/23/08 9:54 AM

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2:1 split

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Avatar altitudeaddict (98.17) Submitted: 6/23/08 12:19 PM

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Gerdau split 2 for 1 on Friday 6/20. It just takes the Fool and other tracking companies 24 hours or so to update the pricing. I was a bit concerned as well since MSN Money was not updated until this morning either. Rest assured all is well with the Brazilian Steel Company.

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