What about?
Efeitos no Brasil do cenário financeiro nos EUA
3 weeks ago
Monday, July 11, 2011
GGBR3 - Gerdau
A simple look to GGBR cash flow shows that FCF is about 8% of current market value:
What draws my attention is the huge value of depreciation/amortization that is enough to cover investments in fixed assets. The damn is the immense net debt nearly BRL 12 billions, six time FCF.
What about?
What about?
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3 comments:
shit
hello i am an old ggb investor. They have a lot of money from BNDES Brazilian government bank that GGB used to built hydro electrical plants and acquire companies. I know 2 that are finished and give them power autonomy in Brazil.
They just capture 5 bi reais increasing capital this will be represented in 2Q11 report.
The iron ore mining reserve and the coal mining in Colombia give them a lot of medium and long term competitive advantage.
They are a recycle business much more different from other steel companies.
compare in google finance apple and ggb 10 years projection and you are going to see that ggb is a good pick.
Hello moki, we appreciate your comments. Welcome to the blog.
Good memories: I forgot about GGBR public offering. New shares are already counting to its market value, but BRL 5 billion still don´t.
So probably net debt is now about BRL 7 billion, quite acceptable.
About the projections you mentioned, sorry, but I don't give a shit for them.
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