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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (43981)	8/17/2011 9:21:59 AM
From: E_K_S	Respond to of 78523

Thank you for the heads up on NUE and PKX. I will add them to my watch list. EKS

To: Spekulatius who wrote (43981)	8/17/2011 11:41:15 AM
From: E_K_S	Read Replies (2) \| Respond to of 78523

What do you think of Friedman Industries Inc. (FRD). This is a very small steel company I added to my watch list. They reported good earnings and sell now at an 8 PE. The company produces ERW (Electric Resistance Welded) STEEL PIPE - Steel pipe for use in the water well industry, steel building columns, steel pipe piling, water and air lines, metal fabrication, fencing, road bore, culverts, sign posts and other structural applications. Steel used for the farm or ranch (well & irrigation pipe, fencing, culverts) also fits my AG theme. Message 27535832 I choose a few shares of GGB based on price. If FRD drops below $7.50/share I am tempted to add a few shares. Their dividend is now around 5.8%. Company has no debt. EKS

To: Spekulatius who wrote (43981)	8/17/2011 11:13:20 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78523

PKX is attractive if China does not implode.

To: Spekulatius who wrote (43981)	11/10/2011 1:50:44 PM
From: E_K_S	Respond to of 78523

Gerdau S.A. Announces 3rd Quarter Earnings Results Published: Thursday, Nov. 10, 2011 sacbee.com From the article:"...3rd quarter of 2011 Highlights Shipments reached 4.8 million tonnes in the 3Q11, 10% higher than in the 3Q10, due to the higher demand in practically all operations in which Gerdau runs. Net Sales reached R$ 9.0 billion in the 3Q11, 9% more than 3Q10, due to the higher shipments in all operations. 3Q11 EBITDA reached R$ 1.2 billion, compared to R$ 1.3 billion in the 3Q10. *The EBITDA margin was 14% in the 3Q11.* Net Income was R$ 713 million in the 3Q11, higher than R$ 609 million recorded in the 3Q10 and R$ 503 million in the 2Q11. Investments in fixed assets totaled R$ 616 million in the 3Q11 and totaled R$ 1,3 billion in the 9 months of 2011....". ------------------------------------------------------------------------- The company beat analysts estimates and showed a 17% gain in profits. Not sure if the Brazilian REAL had any impact on their earnings. I will hold my small position. I still think the stock is undervalued and could return to it's historical mean price of $14.00/share. They continue to invest in more fixed assets (hopefully making them more efficient that leads to higher margins). Margins are off their lows and now trending higher. EKS