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National Steel Corporation (SID) [hlAlert]

Rating:
Underweight
SID
up 977.89 %

National Steel Corporation (SID) rated Underweight by Barclays

Posted on: Wednesday,  Mar 21, 2012  12:25 PM ET by Barclays

Barclays rated Underweight National Steel Corporation (NYSE: SID) on 03/21/2012, when the stock price was $10.24. Since
then, National Steel Corporation has lost 90.72% as of 01/21/2016's recent price of $0.95.
If you would have followed this Barclays's recommendation on SID, you would have gained 977.89% of your investment in 1401 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/21/2012 12:25 PM Sell
None
10.24
as of 12/31/2012
1 Week down  -6.88 %
1 Month down  -22.15 %
3 Months down  -4.79 %
1 YTD up  42.38 %

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