Stockchase Opinions

Benj Gallander Gerdau SA GGB-N COMMENT Mar 01, 2016

Brazilian steelmaker. There is some question about whether they have been evading taxes and a few other things. The company has taken a tremendous beating because they are in the steel industry. This is certainly a contrarian play, and he could see how it could have a tremendous recovery, as normally they make money. People don’t want to touch just about anything in Brazil now, which makes it more interesting to him. A big caveat is the debt level which has gone way up, which he doesn’t like to see.

$0.906

Stock price when the opinion was issued

steel
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Integrated steel company. Have some assets in North America. Very efficient in integrating R & R assets. In joining a very strong construction boom in Brazil. 5.2% yield.