Ok, so I'm just getting into buying stocks... I hear about PB, I research it a little and figure its a great way to "balance" the other stocks I want to buy (techs). I bought 300 today @ 9.41. What am I missing? this looks like a great stock at these prices.
You are missing that the currencies in Brazil and Venezuelz are down about 50% from a year ago while materials prices increase. Brazil may default on their debt and more and more countries are leaning farther and farther to the left. The only good thing about South America is that I don't live there.
Ok thanks for the input, I'm doing more research and I still think it looks good. I like the fact that (if as you say) the Real being down has hurt the stock then a stabile or increasing value in the Real, and PB hitting its number's would put this stock (based on industry averages) @ 20+ right? Of course I don't think this will happen in the short term.
This is todays news from the area. Thanks to those who took the time to respond.