Gerdau Ameristeel Corp (GNA.TO) Buy, Sell or…

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Gerdau Ameristeel Corp (GNA.TO)

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-0.00 (0.00%)

141 watching

PAST TOP PICK

(Top Pick Oct 2/09, Up 40%) It hit his 25% target and he exited.

PAST TOP PICK

(A Top Pick Sept 18/09. Up 30%.) Another company acquired this.

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.

COMMENT

Structural steel and construction industry in North America has been in a downturn over the last couple of years. There are some early signs that we may have hit the bottom. If you're horizon is 12-24 months, you can buy, otherwise he would wait.

PAST TOP PICK

(Top Pick Sep 18/09, Down 14.7%) He got stopped out around $8.50.

COMMENT

Prefers the mini-mills to the large integrated steel producers. You don't get nailed as much by the increase in iron ore costs.

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.

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.

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.

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.

BUY

Buying. Infrastructure theme. Not leader in market. If we get into an expansion this will definitely outperform one of his top picks.

COMMENT

Steel making is one of the areas that he thinks he is going to invest in. This company is one of the minors in this sector. If we don't get the trickle-down effect from infrastructure spending, larger companies may still be able to get good earnings. Likes the company. (See Top Picks.)

BUY

Likes it. 25-30% out of this stock. Has pretty good up side potential.

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.

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.

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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 undefined (undefined). It is usually referred to as or GNA.TO

Is Gerdau Ameristeel Corp a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on GNA.TO (previously GNA-T on Stockchase) on Stockchase. Read the latest expert commentary for Gerdau Ameristeel Corp.

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 Gerdau Ameristeel Corp.

Is Gerdau Ameristeel Corp worth watching?

Gerdau Ameristeel Corp is followed by 141 investors on Stockchase and is a trending stock that is worth watching.

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Gerdau Ameristeel Corp (GNA.TO)