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Companhia Siderúrgica Nacional (SID)

NYSE - Nasdaq Real Time Price. Currency in USD
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3.8300-0.0100 (-0.26%)
As of 02:41PM EST. Market open.
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  • N
    Nick
    Big move in Iron Ore prices today...back to 95 up 4%. Above 4 today most likely on the way to 5.00. Looks like I won my bet! Long 10k at 3.64
  • N
    Nick
    won my bet with Stas. 4.10 bid now. This will be at 5 by next week.
  • N
    Nick
    tookk a punt in premarket at 3.65. keepmy stop loss at 3.29 level. Falling knife at this point but oversold just like VALE
  • A
    Adam
    Usinas Siderúrgicas de Minas Gerais S.A., another iron ore miner / steel producer from Brazil just announced record earnings. They had no problem selling all of their iron. Also, Companhia Siderúrgica Nacional is even more undervalued than aforementioned company. This doesn't mean SID will repeat its success, but I think outlook is getting better and better every day.
  • A
    Adam
    I did some estimates. Steel alone might produce $500m - $600m, although energy cost increase makes me lean towards lower range. Previous quarter, SID made around $500m on steel, and as we know spot prices were higher during Q3. But I'd rather be pessimistic here than dissapointed later.

    Iron sales are around 8mt - 9mt every quarter. With pessimistic estimate as if they were selling Iron for the whole quarter as if spot price was at $110 and energy prices went up 10%, I would expect around $300m EBIDTA from iron.

    Logistics prices and profit margins are on the rise, last quarter SID made around $45m on this. I won't make any guesses here though. Same goes for cement, on the rise since last year. Last quarter they made around $30m on cement related operations.

    All in all, this should give pretty decent beat on $0.31 estimate.

    I recommend doing estimates yourself here, as clearly analysts are constantly missing the reality with this stock. I also welcome any opinions.
  • M
    Mothra
    Earnings will be like $0.50/shr...........Get in, I think it will go up at least 50% in a hurry. This stock is much better than PBR for making money by investing in it.
  • J
    John
    Looks like a good report…why the drop?
  • M
    Mothra
    How profitable is cement in Brazil?
    SID is the 3rd Largest producer and will put its cement company on stock exchange I believe.
  • A
    Adam
    Stas, what is your bear thesis? I'm geniuenly curious, because I couldn't find anything wrong with this company.
  • S
    Stas
    2s on the way! As expected! Still a great short here as iron ore is headed to 50. Cheers and enjoy!!!!
  • s
    snively
    (http://Thetraderguide.com) is a must for any trader. Their watchlist which covers pre-market movers is one of the best researched in the industry. I don’t start trading without reading their daily email each morning!
  • S
    Stas
    WOW iron ore price at 92 already???? Absolute DISASTER here!!! Imagine what the next Q will look like roflmao, it'll be a fun time!!! SHORT at will here, this one is headed so much lower!!!! Great chart, which is nose diving and great time to even initiate new short positions after this small dead cat bounce...cheers and cya below $2 again shortly!!!!
  • C
    Chad Gibson
    Load up now! This stock is at an inflection point. The stock is consolidating as it moves closer to earnings. This stock will be great as a dividend play alone even before its inevitable move up between 6 and 7.
    Bullish
  • S
    Stas
    3s here!!! Will soon be 2s! Cheers and enjoy!!!
  • R
    Rod
    Low expected 2021 earnings yield 49%; Low expected 2021 P/E 2.03; Low expected dividend yield 7%, $7.2 billion market capitalization. Buying low, SellingHigh
    Bullish
  • A
    Aeh
    What is going on with SID ? Lost 50%
  • Y
    Yahoo Finance Insights
    SID is down 7.25% to 4.28
  • C
    Chad Gibson
    https://www.steelorbis.com/steel-news/latest-news/csn-increasing-steel-prices-in-june-and-july-1200412.htm. I think this is very interesting🤔 No one can predict the market. I think the movement of this stock is highly dependent of the next ER.
  • Y
    Yahoo Finance Insights
    SID is up 6.88% to 4.11
  • Y
    Yahoo Finance Insights
    SID is up 6.88% to 4.11
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