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Gafisa S.A. Message Board

  • the_entitled the_entitled Oct 5, 2012 11:25 AM Flag

    There's no Goldman downgrade

    ...prove me a paragraph or hints of their report. Not that I care about GS recommendation , but its important to keep this message board honest all the way to $14.

    Ps. They have 2M shares and accumulating as we speak. Check Nasdaq d c

    Sentiment: Strong Buy

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    • Here's a cut and paste of one of the articles discussing the GS downgrade:

      Gafisa SA (NYSE: GFA) was downgraded by investment analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a note issued to investors on Monday.
      Shares of Gafisa SA traded up 1.49% during mid-day trading on Monday, hitting $4.435. Gafisa SA has a one year low of $2.05 and a one year high of $8.10. The company’s market cap is $958.6 million.
      Gafisa S.A. (Gafisa) is a diversified national homebuilder serving all demographic segments of the Brazilian market.
      Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' pricetarget changes for each day.

      Sentiment: Buy

    • I found a record of the Goldman downgrade online yesterday with a simple Google search. Can't prove it to you, but it's there.

      Thing is - after an 18% drop in 3 days - they might not rate it a sell now. Gafisa went from the top of its 3 month range to the bottom of it in just a handful of days. I bought all the way into the close yesterday, with some nice buys at $3.69, 3.70, and 3.72. The shorts just pushed it til the last second of trading. Maybe there was a large institution that wanted out and Goldmans gave them the out they were looking for? It is very frustrating to be a long-term investor and be early (as in now) or late (as in a year ago) in a residential builder. But once the real estate cycle in a country turns, by its very nature it lasts for several years. I became a Gafisa investor this week.

      The best article I have read on Gafisa is on seekingalpha by a man named Caiman Flores: "Gafisa: A Speculative Play On Brazilian Residential Property"

      Sentiment: Buy

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