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National Steel Corporation (SID) [hlAlert]

Rating:
Buy SID
down 82.43 %

National Steel Corporation (SID) rated Buy by Standpoint Research

Posted on: Thursday,  Oct 17, 2013  11:25 AM ET by Standpoint Research

Standpoint Research rated Buy National Steel Corporation (NYSE: SID) on 10/17/2013, when the stock price was $5.41. Since
then, National Steel Corporation has lost 82.44% as of 01/21/2016's recent price of $0.95.
If you would have followed this Standpoint Research's recommendation on SID, you would have lost 82.43% of your investment in 826 days.

Companhia Siderurgica Nacional (CSN) is a Brazil-based integrated steel producing company. The manufacturing facilities of the Company produce a range of steel products, including slabs, hot and cold rolled, galvanized and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries. On December 30, 2008, the Company?s ownership interest was reduced to 40% of the voting and total capital stock of Namisa. The iron ore business of the Company includes the expansion of the mining activities and the seaport facilities, the construction of pellet plants, the trading of iron ore produced by other companies, through the logistics network. During the year ended December 31, 2008, the Company accounted for approximately 49% of the galvanized steel products sold in Brazil.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2013 11:25 AM Buy
None
5.41
as of 12/13/2013
1 Week up  2.21 %
1 Month down  -0.35 %
3 Months up  2.40 %
1 YTD up  2.40 %

(*) Stock Price at the time of the recommendation.
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