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Companhia Siderúrgica Nacional (SID)
NYSE - Nasdaq Real Time Price. Currency in USD
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SID -- Trailing PE under 6x / Forward PE under 3x / Operating Margin 28% / P/S 1.7 / ROE 99%. Doesn't get much better than that. Plus Brazil economy coming back, but SID also has international sales.
This stock should be over $10-12 in my eyes. What a great company
They had some interesting insights about SID on (
). Definitely made me think twice about the company.
SID just entered into an agreement of Investment, whereby it intents to acquire control of Elizabeth Cimentos S.A., and Elizabeth Mineracao Operation. Transaction is worth $1.8B.
I don’t understand why this stock is going down. It was just reported that their last quarter showed an INCREASE of almost 800%! Yes, that is correct! I have a feeling someone may be playing games with this stock and once that’s over, we are going to see some higher stock prices!
SID is buying back 24 million shares.
Wallstreet says a company this size should NOT be earning $1B/quarter........That should be their annual earnings so NOT quarterly.
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SID is up 7.83% to 9.20
NASDAQ changed SID dividend info today - $.121 payment & date 5/21. Not a good look and NASDAQ opened up legal claims
All of a sudden this is looking quite terrible. Chart breaking down here. Probably back to mid 6's or so it seems....
Is SID paying $2.00, I checked all dividend sites - say $2.00 but Schwab has $.1211, $2.00 is huge, I hope it's true
Companhia Siderurgica goes ex-dividend tomorrow
May 11, 2021 1:09 PM ETCompanhia Siderúrgica Nacional (SID)By: Khyathi Dalal, SA News Editor1 Comment
Companhia Siderurgica (NYSE:SID) had declared $2.00/share annual dividend.
Payable May 19; for shareholders of record May 13; ex-div May 12
Steel prices do not go up forever. Right now it is hot. When the run is over SID will drop like a rock.
Steel Sales up 27%
Iron Ore Sales up 18%
Net Revenue up 40%
Gross Profit up 94%
Adjusted EBITDA up 82%
Adjusted Net Debt down 8%
Adjusted Cash and Cash Equivalents up 33%
Net Debt / Adjusted EBITDA down 1.50x
Iron ore Sept futures around 97 bucks cost basis for SID still gives them huge profits!
Valor 2day: sid is building new cement factory, 1.5 billion...along with new galavanize site, 1.5 billion. no asset sales, German plant is no touch and Sid has given up for now selling Usiminas shares. Recent sale of 7% bonds to pay off 6% debt. worrisome trend to me
Iron ore prices still strong SID has to be making big profits. PPS still so undervalued here.
the call: so athird of their steel capacity has been down for now nearly four months. so their steel numbers are bad. they say the blast furnace restart is this weekend. so steel will be better. Iron production was great but revenue depressed because they werent buying for themselves and freight costs skyrocketed. They will start using when the furnace is up and they have negotiated freight down. Now they still can pay their future debt so the desrve a$3. If the furnace is up and running they deserve a $3.5. If the Bovespa is right (record highs) and 2020 economy grows 2%, hence big demand for autos and washing machines, they deserve $4, just mo
sid in the Brazilian market hit 52 week high and announces divy to be paid Weds., the 29th
I am not going to pump, but I am holding, and I am patient. SID has been in operation since 1941. They have endured. Iron ore in particular is going to continue to be in demand. Construction in Brazil is not over. If you are in at higher prices, wait. The devaluing of fiat alone will raise SID price. Infrastructure projects are coming. And China's hunger for iron ore is returning. Be patient. SID will recover. And what a great time to get in, if you are just finding SID.
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