CANSLIM.net Company Profile: Gerdau Ameristeel Corporation, through its subsidiaries, operates steel mini-mills in the United States and Canada. The company operates through two segments, Minimills and Downstream Operations. The Minimills segment manufactures and markets various steel products, including reinforcing steel bars, merchant bars, structural shapes, beams, special sections, coiled wire rods, and flat rolled sheets. The Downstream Operations segment offers rebar fabrication and epoxy coating, railroad spikes, and cold drawn products, as well as engages in super light beam processing; and the production of elevator guide rails, grinding balls, wire mesh, collated nails, wire drawing, and fence posts. It sells its products to steel service centers, steel fabricators, and original equipment manufacturers for use in various industries, including non-residential, infrastructure, commercial, industrial and residential construction, metal building, manufacturing, mining, automotive, cellular and electrical transmission, and equipment manufacturing industries. The company, formerly known as Co-Steel, Inc., was founded in 1970 and is based in Tampa, Florida. Gerdau Ameristeel Corporation is a subsidiary of Gerdau S.A. GNA hails from the Metal Proc & Fabrication group which is presently ranked 13th on the 197 Industry Groups list easily placing it in the top quartile needed to satisfy the L criteria. Return on Equity at +19% is above guidelines. The number of top-rated funds with an ownership interest has grown from 46 funds in June '07 to 74 funds as of March '08, a sign of increasing institutional interest (the I criteria). Management owns +68% of the stock which helps keep their interest in line with shareholders', however this large interest also makes future share offerings (which could be dilutive) more likely.