Money manager says Brazil undervalued on relative PE basis, likes consumer companies *dependent on credit growth.*
Talk about late to the party!
I'm sorry , but netflix showed problems way before earnings. It was a time bomb ready to blow up for a while , how could ANYONE think their growth would continue say in countries such as Brasil with the model it uses, steaming in Argentina, Ukraine ,lol. Like internet speed is optimum world wide . Number 2 , the major f up with content trading partner contract. 3rd the ceo is stubborn like no other. . I mean it was so obvious i almost shorted it, i did not because i had even better shorts at the time.
NFLX non existent. Next.
I was only guessing about the company fundamentals. I'm usually up for a trade. However, I am more comfortable trading companies I believe in.
That said, I traded NFLX last week on the drop and made a few bucks.
My take is that CX took on a lot of debt expanding at just the wrong time and that construction spending is off globally which has hurt sales.
Its a momentum play on some short term good news and nothing more for me... Could be that I am a bit too late to the party, in which case... sell.
True RG. I've just watched them from the sidelines. They have basically failed all the criteria I look at from a growth perspective but I still watch them. I've watched GMR as well. Heck, I watch a lot of stocks lol....too many perhaps.
It's not about hating the cement business jaque. Competitors have fared much better than CX over the past years. I don' think there is anything wrong with the cement business.
But attempting to make the same argument to invest in BP, one might ask... "how can anyone hate the oil business" ?
The sector can be healthy, while any one company can have various reasons.
At various times over the past couple of years I though CX might be a bargain also. But now I suspect bad management with CX.
Whoops sorry again Musk. It was Arwen that mentioned him. All I know is that CX appears to be a great value now. Low dollar stock, big swings, but probably a great bargain. How can anyone hate the cement biz?