Opinions
Robert Floyd
Gerdau Ameristeel Corp
GNA-T
WAIT
Oct 30, 2008
Steels are basically cyclicals and you want to be out of them at the top of the market and buying when the economy starts to pick up. Earnings can come down substantially as demand for the product drops. Another big influence is dumping of steel. Would probably Buy as we progress through this slowdown.
$6.700
Stock price when the opinion was issued
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