$16.08 -0.31 (-1.89%)
11/6/2009 4:00 PM

Gerdau S.A. (ADR) (GGB)

CAPS Rating: 4 out of 5

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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Member Avatar ChrisCanaan (< 20) Submitted: 12/12/2008 8:25:40 PM : Outperform Start Price: $6.82 GGB Score: +112.22

This american depository receipt has strong potential. President-elect Obama will likely get the stimulus package that he had proposed to congress and within that stimulus package about 150 billion will go to infrastructure. This government spending will help out steel producers and the this brazilian steel producer will greatly benefit.

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