Gerdau Ameristeel Corp (GNA.TO)
Financials 
Technical Analysis 0
PAST TOP PICK
(A Top Pick Oct 2/09. Down 8.4%.) A higher torque name, which puts a little spice in your portfolio and is part of the infrastructure story. Still a Buy.
Steven ConvilleOwned
steel
PAST TOP PICK
DON'T BUY
Recent quarter was okay but is a little concerned about the space. Import battles are starting between countries. Utilization rates for steel mills in the US are well below what is appropriate for making good money. A lot of hype about infrastructure spending but state and local spending are going down.
steel
WAIT
One of the few plays left to play pure steel stocks in North America. Global player. Would be cautious on steel companies today because of the significant ramp up of production in China while prices have been pretty well flat. Demand could be down because of economies. Earnings coming out on Nov 5.
steel
TOP PICK
A stimulus play. You can get a lot of alpha out of this play if there continues to be a lot of stimulus money going into the economy. Try to get it below $8.
Steven ConvilleOwned
steel
TOP PICK
Steel. Has started a new major up leg having made a congestive area and the stock is on the break up. Above the 200 day moving average. Fantastic stock.
Ron MeiselsOwned
steel
BUY
Buying. Infrastructure theme. Not leader in market. If we get into an expansion this will definitely outperform one of his top picks.
Steven ConvilleOwned
steel
BUY
BUY
By the middle of next year, there will be a view that the emerging economies are really pushing hard to prop up their economic growth. Currently there is a lot of concern about the steel industry and the impact of the slowing economy. ROE level is high. PE is 2X on a trailing basis and 3X on a forward basis. His only concern is the yield of 8.8% and carrying a lot of debt.
steel
WAIT
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.
steel
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Gerdau Ameristeel Corp (GNA.TO) Frequently Asked Questions
What is Gerdau Ameristeel Corp stock symbol?
Gerdau Ameristeel Corp is a OTC stock, trading under the symbol GNA.TO (previously GNA-T on Stockchase) on the (). It is usually referred to as or GNA.TO
Is Gerdau Ameristeel Corp a buy or a sell?
In the last year, there was no coverage of Gerdau Ameristeel Corp published on Stockchase.
Is Gerdau Ameristeel Corp a good investment or a top pick?
Gerdau Ameristeel Corp was recommended as a Top Pick by Robert Floyd on 2008-10-30. Read the latest stock experts ratings for Gerdau Ameristeel Corp.
Why is Gerdau Ameristeel Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Gerdau Ameristeel Corp worth watching?
0 stock analysts on Stockchase covered Gerdau Ameristeel Corp in the last year. It is a trending stock that is worth watching.
