Usinas Siderurgicas de Minas G (ADR) (NASDAQOTH:USNZY.PK)
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Read good advise on this one Also have Brazilian friend who recommend this stock.
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Buying on the dip. Brazil steel with excellent EPS growth rate and a very bright global outlook.
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steel and iron
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Investor Relation web site, in English: http://eng.usiminas.com.br/Secao/0,3381,13-469,00.html
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This company has solid financials, steadily increasing income while keeping debt in check...for a steel company that is impressive.
Brazil is one of the top world emerging markets, and part of Usinimas purpose statement is to dominate the Brazilian steel industry and then become a global player.
They are well on their way with a sizable chunk of the Brazilian market, as well as key exports to the US, India, and China.
Moving averages are all up, up, and away...which is what I expect USNZY to do!
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