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Companhia Siderurgica Nacional (SID) Message Board

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  • musketeernumberone musketeernumberone Oct 29, 2010 6:35 AM Flag

    CSN MAINTAINS EBITDA MARGIN OVER 46% IN 3Q10 - From their release

    Thanks for posting that...

    I am no expert on the steel industry but think the results are outstanding by any measure.

    That said, I sold my small position earlier this week and do not expect to re-up until sentiment reverses in general, and for Brazil, in particular. VALE posted record earnings and was very weak yesterday. The market is going through a phase of sell the good news and severely punish bad news... hard for a long to win.

    So, I think SID is a great investment on a fundamental basis, really, really sound... just hope the market improves technically....

    (I have a core portfolio of income-generating stocks and energy MLPs, and swing trade with another part of the portfolio. I take starter positions in stocks I like, add if the going is good, but sell if things are not moving as hoped/planned. I ride the winners, never long enough, and dump the losers, never soon enough. After a decent Sept/Aug, I have been reducing exposure in my trading portfolio.)

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