Showing 1 to 15 of 53 entries
PAST TOP PICK
(Top Pick Oct 2/09, Up 40%) It hit his 25% target and he exited.
steel
PAST TOP PICK
(A Top Pick Sept 18/09. Up 30%.) Another company acquired this.
steel
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.
steel
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.
steel
PAST TOP PICK
(Top Pick Sep 18/09, Down 14.7%) He got stopped out around $8.50.
steel
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.
steel
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.
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.
steel
BUY
Buying. Infrastructure theme. Not leader in market. If we get into an expansion this will definitely outperform one of his top picks.
steel
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.)
steel
BUY
Likes it. 25-30% out of this stock. Has pretty good up side potential.
steel
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
Showing 1 to 15 of 53 entries

Gerdau Ameristeel Corp(GNA-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Gerdau Ameristeel Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Gerdau Ameristeel Corp(GNA-T) Frequently Asked Questions

What is Gerdau Ameristeel Corp stock symbol?

Gerdau Ameristeel Corp is a OTC stock, trading under the symbol GNA-T on the (). It is usually referred to as or GNA-T

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