I have been a long time watcher of Companhia Siderurgica Nacional (SID), hereafter known as CSN. I owned the stock for a while in 2007 and sold for a nice profit. I thought the share price was to extreme in mid 2008, but now the shares are attractive again.

CSN is a Brazilian iron ore miner and steel producer. The majority of the revenues come from the sales of flat rolled steel. Also, the majority of revenues come from sales in Brazil. The company is hugely profitable with steadily growing revenues. For the 3rd quarter of 2008 the company reported revenues of R$4.0 billion and EBITDA of R$2.1 billion, both records. Here are some of the facts about the company (all from Q3 2008):