Gerdau Ameristeel Corp (USA) (NYSE:GNA.DL)

CAPS Rating: No stars

The Company is a producer of long steel products in Brazil, Chile, Colombia, Uruguay, Argentina, Spain and, through Gerdau Ameristeel, Canada and the United States.

Recs

1
Player Avatar steelbier (< 20) Submitted: 2/24/2009 11:06:46 AM : Outperform Start Price: $4.51 GNA.DL Score: +103.25

This is a strong company. They were honest about inventory value and took a big hit in the 4th qtr 08. Thay are getting beat up for it, but the other guys like CMC, NUE & X will have to fess up soon!! Buy at at these lower numbers and I think you'll see a good return in a year or two. You might see some prices in the upper $3 range before you see the $7 mark. Things will get worse before they get better.

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Member Avatar steelsteel09 (< 20) Submitted: 3/20/2009 8:47:41 PM
Recs: 0

Looks like you had a crystal ball about NUE & X. CMC will anounce 3-24. It will be interesting to see if you hit 3 in a row. P.S. Need Florida lottery #'s for this week.HA HA

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Member Avatar TSIF (99.95) Submitted: 4/22/2009 7:38:08 PM
Recs: 1

Same person with two accounts talking to himself and rec'ing himself. Not very good for credibility. Good luck.

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