matjone Posted September 5, 2013 Share Posted September 5, 2013 I saw on a blog that Brazil's CAPE is now at 10. Usually this means that it's a good time to buy. So, if you are an american and you are buying in brazil, what broker are you using? Link to comment Share on other sites More sharing options...
CorpRaider Posted September 5, 2013 Share Posted September 5, 2013 I've been assing around with BSBR, more just passively tracking and getting familiar. Probably 90% chance I never do anything other than just sort of learn a little about it. Link to comment Share on other sites More sharing options...
gary17 Posted September 6, 2013 Share Posted September 6, 2013 Started looking at ITUB , BSBR and also just Latin America in general - AMX, and banks in Chile - apparently they are the world's safest , like Canadian banks. I've only bought Oi S.A. (OIBR) as it looked cheap and the Brazil currency looked cheap based on what I think should be the best of BRIC economies the next 10 years. Link to comment Share on other sites More sharing options...
Packer16 Posted September 6, 2013 Share Posted September 6, 2013 You have to be careful with the Brazil as well as the Russian P/Es as indexes are dominated by either oil & gas companies, mining companies or steel companies. I have invested in OIBR as it is a turnaround with a smart capital allocator at the helm. I have started to look at other firms but most of the large conglomerates in Brazil are privately held with a few subsidiaries traded on the stock exchange. Packer Link to comment Share on other sites More sharing options...
tytthus Posted September 6, 2013 Share Posted September 6, 2013 i copped out and bought EWZ a few times over the past month: http://finance.yahoo.com/q/hl?s=EWZ+Holdings top holding is ITUB and financial services has the top sector weighting at ~23%. InBev, Petrobas, & Vale are all well represented. energy and mining combined make up only 19% of weightings. Link to comment Share on other sites More sharing options...
Packer16 Posted September 6, 2013 Share Posted September 6, 2013 You are correct but the P/E is 30% higher than the 10 for the main Brazil index. Packer Link to comment Share on other sites More sharing options...
cogitator99 Posted September 6, 2013 Share Posted September 6, 2013 You might want to take a look at Cielo (CIEL3). Link to comment Share on other sites More sharing options...
gary17 Posted September 11, 2013 Share Posted September 11, 2013 another one might be Brazil Fast Food Corps (BOBS) - this company is quite small and there are so few shares the liquidity is very low.... I looked thinking I'd like to get some shares but did not because it seemed difficult to get them. the company had some reporting issues - seemed minor they also delisted themsevles from NASDAQ after a recent acquisition - not sure why though Link to comment Share on other sites More sharing options...
smiroshn Posted September 12, 2013 Share Posted September 12, 2013 I've been watching HRT Oil & Gas (HRTPY, HRTP3) for some time. They are, at this point, a Graham style "cigar butt", trading way below cash on B/S. May take a position in the next few weeks. Link to comment Share on other sites More sharing options...
cogitator99 Posted September 12, 2013 Share Posted September 12, 2013 I've been watching HRT Oil & Gas (HRTPY, HRTP3) for some time. They are, at this point, a Graham style "cigar butt", trading way below cash on B/S. May take a position in the next few weeks. Well below cash. If you notice the volatility in the US ADRs far outstrip that of the main listing, so often there's a significant spread between the ADRs and the latter. What I don't understand is what they plan to do from here. It also bothers me that insiders have kept selling all the way down. Link to comment Share on other sites More sharing options...
smiroshn Posted September 12, 2013 Share Posted September 12, 2013 I've been watching HRT Oil & Gas (HRTPY, HRTP3) for some time. They are, at this point, a Graham style "cigar butt", trading way below cash on B/S. May take a position in the next few weeks. Well below cash. If you notice the volatility in the US ADRs far outstrip that of the main listing, so often there's a significant spread between the ADRs and the latter. What I don't understand is what they plan to do from here. It also bothers me that insiders have kept selling all the way down. Agreed. They can do a couple of things - Complete the Polvo acquisition and just run that asset, while not spending any more cash on Solimoes or Namibia. Alternately, they should (and are trying to) sell the company. One of their major assets is the roughly $300MM in NOLs accumulated over the last two years, which would have a real value for a local acquiror. So, you buy for less than cash, get Polvo and the NOLs for free, and retain the free option on Solimoes and Namibia in case someone else does find something. ...Sounds good... unfortunately corporate A&D departments don't think the way people on this board do. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted September 13, 2013 Share Posted September 13, 2013 I've started a position in BSBR over the past two weeks as opposed to simply adding shares to Santander like I have been for months. Seems like the discount is finally wide enough to attract me to the single name instead of the parent co. Link to comment Share on other sites More sharing options...
BRK7 Posted October 23, 2013 Share Posted October 23, 2013 You might want to take a look at Cielo (CIEL3). Cogitator, Cielo looks like a great business, but maybe a full valuation? Any thoughts on valuation currently? Thanks. Link to comment Share on other sites More sharing options...
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