Let's do the math: 9% of revenues/profits from Venezuala, 32% currency devaluation means? Brazil's economy is in the toilet. The dollar has been strengthening relative to Latin America's monopoly money. Good news? They probably are continuing to do a good job of rolling out more restraunts and same store sales are up? I don't see a great bottom line number, do you?
Everything that I have read so far is positive with the 4th quarters earnings report. I still don't think it will
Be enough to totally right the ship as it has been sinking slowly since the IPO. Nothing, so far has been able to change it, but here is to hoping for the best tomorrow Morning! The late push after 2pm today has me a little encouraged as to what the earnings report might hold.