Navellier Growth: your source for market-beating growth stocks

 

07.29.08: I thought Gerdau (GGB) was rated an A! It's down like 50% in just a few months!

You're right on one count: Gerdau (GGB) remains an A-rated stock in PortfolioGrader Pro. The reason the stock price is down, however, because of a 2-for-1 split on June 20. Let's say you bought GGB in March, as I told my Blue Chip Growth subscribers to do. The price then was around $32, and you picked up 100 shares of the stock. Now, you would have 200 shares that would have cost you an adjusted $16 a share. Remember that you get double the stock when the price gets cut in half during a 2-for-1 split, so the value of your initial investment hasn't changed at all. At the current price of around $20, you would have profits of around 25%!

The latest split of interest has been for Buenaventura (BVN) on July 22, and upcoming splits are planned for Art's-Way Manufacturing (ARTW) on July 30, and Patriot Coal (PCX) on August 21.

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