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Gerdau S.A. Message Board

  • mrclean82400 mrclean82400 May 31, 2013 12:58 PM Flag

    I can't win

    Strong currency in Brazil tanks sales. Now that the currency is weakening this thing still tanks. Even the good GDP out of India does not help. What an F*ing disaster this has been.

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    • Brazil Outlook Revised To Negative; 'BBB/A-2' Foreign Currency Ratings Affirmed
      Publication date: 06-Jun-2013 18:25:31 EST

      Slow GDP growth and continued expansionary fiscal policy (including
      off-budget measures) risk weakening Brazil's financial profile and could,
      absent corrective measures, result in weaker fiscal performance and an
      increase in the government's debt burden.

      We are revising the outlook on our long-term ratings on Brazil to
      negative from stable.

      We are affirming our 'BBB/A-2' foreign currency and 'A-/A-2' local
      currency sovereign credit ratings on Brazil.

      We could lower the credit rating in the coming two years if continued
      sluggish economic growth, weaker fiscal and external fundamentals, and
      some loss in the credibility of economic policy given ambiguous policy
      signals diminish Brazil's ability to manage an external shock.

      NEW YORK (Standard & Poor's) June 6, 2013--Standard & Poor's Ratings Services
      today said it revised the outlook on its long-term ratings on the Federative
      Republic of Brazil to negative from stable...

    • Right on,,,, However, the sentiment on this is to buy. These steel companies are getting set up to rise big!!!! This is at or near low. I hate it too but am leveraging now. Buying what I can. This is the DOG of my port. I wish they would stop the dividend. Seems like I only get 1/2 of it anyway.

      Sentiment: Strong Buy

 
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