Gerdau without roof... Projected FCF value: BRL 23.18

Long

GERDAU PN EB N1 (BMFBOVESPA:GGBR4)

BMFBOVESPA:GGBR4 GERDAU PN EB N1

This is a Brazilian company in steel sector, which is very damaged by economic crise and commodities cycle. But it is a strong company and with the fixing in Brazilian politics fixind added to commodities market normalizing in medium term, its price will improve. All the relevant move average are in a parallel upping. They show an evident uptrend.

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