Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd ShA play on steel price recovery & dropped raw materials
Supporting Arguments
▪ Steel prices to gain from China’s support measures & rate cuts
▪ A drop in raw materials prices to support Gerdau’s margins
▪ Valuation multiples also imply upside for the name
Investment Thesis
Gerdau is a Brazili
Next report date
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Report period
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EPS estimate
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Revenue estimate
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8.01 MXN
17.66 B MXN
259.22 B MXN
1.30 B
About GERDAU ON N1
Sector
Industry
CEO
Gustavo Werneck da Cunha
Website
Headquarters
São Paulo
Founded
1901
FIGI
BBG000R1GPK2
Gerdau SA engages in the production and commercialization of steel products. It operates through the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation. The Brazil Operation segment includes rebar, bars, shapes, drawn products, billets, blooms, slabs; wire rod, structural shapes, and iron ore. The North America Operation segment consists of rebar, bars, wire rod, and light and heavy structural shapes. The South Africa Operation segment covers rebar, bars, and drawn products. The Special Steels Operation segment comprises of stainless steel, round, square and flat bars, and wire rod. The company was founded by João Gerdau and Hugo Gerdau on January 16, 1901 and is headquartered in Sao Paulo, Brazil.
$GGB breaking out of a ~11month base!Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relat
GGB - Stan Weinstien early stage two First post for a while, been a long year.
Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - the7circles.uk
Stan’s general rul
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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