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Gafisa S.A. Message Board

  • ksacle ksacle Nov 24, 2010 3:16 PM Flag

    GFA great buy

    GFA is a great buy here anywhere in the $14 range. Should be ready to move up as Brazil is growing leaps and bounds. $14 is not going to be here for long could easily see $15 very fast.

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    • I don't have a ton of GFA ADRs and will add more to the position if it slumps and the reason for it is ''economically normal'' and dealt with. Just as a reference, the complete mayhem in Occidental financial system due to Lehman collapse is a thing I consider abnormal and I won't buy if the slump is due to such an event...

    • Any reason why GFA is so bad recently?

      • 1 Reply to cmrhm2008
      • It is because JPM upgraded it in November. It was not exactly cheap at that time but the investment case is intact and the long term is promising. Usually, when people read recommendations, they buy the thing for an immediate gain. This failed to happen and those suckers then get discouraged and want to ''cut their loss'' as if a growing company in a low debt strong fundamental country such as Brazil can go to 0.

        I bought at 13.25 yesterday and this makes me smarter than a lot of folks at JPM. Seriously, being an investment professional is a sure way to earn a wage by acting in such a way to get uncertain results. It must be easy : you may do what I say at your own risk. Now that you bear responsibility and that I am not accountable for the consequences of my recommendations, listen...

 
GFA
1.41-0.04(-2.76%)Apr 28 4:02 PMEDT