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Petróleo Brasileiro S.A. - Petrobras Message Board

  • ospreys19 ospreys19 May 11, 2011 10:16 AM Flag

    why is PBR still getting mauled?

    Their PE is at a 5 year low yet they continue to get hammered without any major rally...

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    • Socialist government. There is greater risk. That being said, I still think 5 years out that you will do ok. I would not bet the house on it......diversify. One plus is that Obama would rather have drilling in Brazil than in the US.

      One thing most people aren't talking about is the growth in PBR's book value. They have been growing that book and that will pay off in years to come.

      • 1 Reply to jaquecroissant
      • This sixty year old dino pays a crappy dividend, production up 2% this year, piling on debt in the tens of billions of dollars. Now being forced by the socialist gov to invest in job growth like refinaries, ethanol production, etc. Not to mention over valued real will haunt PBR in the future. They are also having problems finding skilled workers and the company is a parking place for the PT mafia. Toss in crappy earnings from most recent quarter, there isn't much here other than a bloated state owned monopoly with tons of debt. Today you get a tax ruling the PBR may owe billins of dollars to the gov in income taxes. Even the locals complain of a lack of tranparency at PBR. Looks like an airline stock. Lots of debt with little left for the shareholders. Just another busted secondary...

 
PBR
5.84-0.22(-3.63%)May 27 4:01 PMEDT