Like your updates and thanks. can you translate this into english, thanks in advance.
I been buying into GFA for 2 yeras(started at 7+) now and my avg is now at 4.5. and will keep adding whenever it goes sub 4 and hopefully get out without any loss in a year.
OT - Any thoughts on SAN or BBVA. I look to start a position in those.
The analyst Safra, René Brandt, initiated coverage for the actions of Brazilian construction highlighting that despite the recent weak round of results, there is the expectation of a recovery in the sector, according to the companies with lower performance are moving toward a stronger cycle and delivering greater profitability.
Brandt points out that the changes that are being adopted by some building must regain lost efficiency and preserve the returns on future releases. In this scenario, the analyst highlights the preference for Gafisa ( GFSA3 ) with Outperform recommendation (above average performance) and target price of R $ 8.00 - or potential appreciation of 97% - based on valuation and fact that it was the first company to reduce releases to concentrate on running.