I can't go any lower as it would entice majority owners to start buying as it is way bellow replacement value. The other interesting point is that stadiums, roads and airports for the Olympics and World Cup are not constructed yet meaning they will need to use steel and cement. Finally this week's interest rate cut might mean the begining of devaluation of the Real which has made it very difficult to export for Brazilian companies. I should bump start it and hopefully in a year we will be in the 15-16 range. To complement this you get a great dividend to keep waiting for the stock to come up.