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.
Gerdau SA is a American stock, trading under the symbol GGB-N on the New York Stock Exchange (GGB). It is usually referred to as NYSE:GGB or GGB-N
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In the last year, there was no coverage of Gerdau SA published on Stockchase.
On 2024-12-13, Gerdau SA (GGB-N) stock closed at a price of $3.26.