I am considering taking advantage of the recent dramatic plunge - which in my view is related not only to the currency drop, but also Brazil being less popular with lower growth and lower interest rates, EBR filing delays and related uncertainty, perhaps also its investment plans etc. I suspect government intervention is getting worse -true or not? I consider this to be a "deep value" opportunity that I am willing to hold for the very long term. I have tried to look for news (including in Portuguese, with the help of google translate), but fear that I have missed something important. Any warnings or advice from people who follow this company closely?
Many thanks! Or I guess that should should be Thank You Immensely... I have now bought a stake. I feel quite lucky to get in at these levels, as I have watched and liked it for quite a while. But I bought only a "normal"-sized slice, which for me is about 3 percent of my portfolio - I reserve bigger bets for companies I know really well, and I feel some risk here since you never know what the Brazilian government will do (and I already have a stake in Petrobras, which is exposed to that same risk).