Actually it will triple within 6-7 years. In the mean time, let's just enjoy dividends.
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All Brazilian government companies are scams to defraud shareholders and benefit politicians.
Sentiment: Strong Sell
I know various Brazilians that have dealt with this bank. It is a bureaucrats dream. Red tape endless paperwork that they ask for (sometimes dont even need). They will never become an international powerhouse as long as they live in the 19th century.
BDORY is just a "pink sheet" as a way for people to own Banco Do Brasil (BBAS3.SA) in the US markets but its also listed in the Bovespa (Main Brazillian exchange). Institutional holders would likely own it directly via BBAS3.SA --- I can promise you that out of the 35B market cap, a good chunk is owned by institutional names.
BDORY is a state owned bank and leaves no too much control in the hands of shareholders. It had a trailing dividend of 5.9% but anyone's guess whether you will get one. There is little or no institutional holders.
I'm new to BDORY, but didn't realize it's a $35 B company on pinksheet paying ~10% interest. Anyone know why such a big company is on pinksheet? I know FannieMae is a big company on pinksheet also, but I don't think they pay big dividend.
Sentiment: Strong Buy