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Gafisa S.A. Message Board

  • klafterj klafterj Nov 8, 2013 11:11 AM Flag

    ACO, what do you say?

    I've done pretty well lately with Brazil. Caught PBR, VALE, SID & GGB off lows and made some decent money but now I'd like to take another stab here. Anything in particular that gives you pause at these levels? Once I start, I'll average down to hell. Like to start right in here. Earnings looked like a beat but what's the situation like on the ground. Wife and I haven't been down for awhile now.

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    • Hey Klaft.

      Nice picks there. I remember you bringing those up at the bottom. PBR was an especially good call.

      I haven't been down since April (Forteleza and Brasilia) and didn't glean anything particularly useful from the trip. SP sales data seems strong.

      Yesterday's inflation numbers weren't great, and the CB has maintained a hawkish posture. Having said that, I think this is overdone at these levels and have added another purchase this morning.


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