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Gafisa S.A. Message Board

abcs.learning 5 posts  |  Last Activity: Oct 29, 2014 3:23 PM Member since: Sep 4, 2012
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  • abcs.learning abcs.learning Oct 29, 2014 3:23 PM Flag

    Talk about kicking a stock when it is way, way down. Where were these geniuses when the stock was trading at $2.50? They downgrade it two days after a panic sale. This POS would now have to rally 12% just to get back to where it opened on Monday when the Bovespa was down 6%.

  • Reply to

    Back in at $1.91 after being gone for a long time

    by johnmg47 Oct 27, 2014 1:49 PM
    abcs.learning abcs.learning Oct 28, 2014 3:00 PM Flag

    I'd love it if someone would BUY them.

  • Reply to

    Back in at $1.91 after being gone for a long time

    by johnmg47 Oct 27, 2014 1:49 PM
    abcs.learning abcs.learning Oct 28, 2014 2:29 PM Flag's been a couple of years. I can see that you have stuck with this one on and off.

    The primary problem issue I see with Tenda is execution. By spinning it off - and putting that CEO out there on his own - that's a real statement. If he can snag the MCMV funds from the government agencies and navigate their labyrinth and turn Tenda into a profitable venture for the new publicly-traded company Tenda, he will have done nearly the impossible: make below-market-rate housing for the lower middle class profitable (and not get hosed in the process).

    How are you trading this now? My first target is $2.31. I have noticed that GFA rallies 40 cents off of every low it's had in the last year.

  • Reply to

    Not bad for GFA

    by hdoe1000 Oct 28, 2014 10:08 AM
    abcs.learning abcs.learning Oct 28, 2014 1:12 PM Flag

    In March 2012, a Private Equity firm in Brazil - in conjunction with some Wall Street money - offered GFA over $5/share for the entire company. The board said it "severely undevalued the company" and sniffed at the offer in hubris. They kinda held their nose, if you know what I mean..

    How'd $5/share look to shareholders today?

    That's my question. What would that be, a 150% return? If Private Equity were really serious about putting these guys out of their misery, they would just start to buy 5% interests in the company - then take it private - then sell off all the pieces to get their $5/share. The value of their buildings, properties, land holdings and good will equal GFA's debt. You get the cash for free!

    But many years in the future will we keep knowing the same thing; while this POS lingers at $2 and change? As I write, it is trading at 0.32 x book ($6.12); with a P/E of 1.18. I think it is the cheapest stock I have tracked in a decade. The only stock I think I've seen cheaper was Apple in 2003 at a split-adjusted $2.50/share and at the bottom of the Nasdaq bust. Back then It had zero debt and more cash per share than the stock was trading for. You basically got the company for free. Such a deal, huh?

    Analysts and journalists need to stop writing articles about how cheap this company is at $2/share - and placing it in on their ever-eternal watch lists - and hope instead that someone offers Gafisa $4/share so we can all go home and do something else with our time besides 'Waiting for Godot'.

  • Reply to

    Back in at $1.91 after being gone for a long time

    by johnmg47 Oct 27, 2014 1:49 PM
    abcs.learning abcs.learning Oct 27, 2014 3:10 PM Flag

    When was the dividend issued. How much? Did they ever do that special thing where the shareholders of GFA got those extra shares of their suburban division (the one they sold); or is that all past now? I think it's been about 18 months since I wrote my last article on the company.

    They are in better shape NOW than they were back then. Have you ever noticed how - when a company gets serious about reducing its leverage - fortuitous things happen in other areas, like being the only game in town when their competitors are on the ropes at a time like this. They have $1.66/share in cash and $5.10/share in debt, and comfortable debt payments.

    I'm hoping for 40 cents to get us back up to $2.31 (where it was 4 days ago).

1.500.00(0.00%)Dec 19 4:05 PMEST

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