they trashed talked it but.. we got a rate hike and a dividend out of it.. it was like wall street came to bat for us shareholders.. pbr you either get your act together or else.. we are looking good here.. back to $14.50
you obviously miss the point and therefore were not paying attention to the lesson grasshopper.. "knowledge and application of knowledge are two different realities".. everybody knows but how many are smart enough to do something about it LIKE SELL?.. how many just sit and hold listening to Raj's lie after lie?.. how many come to this board and listen to the PAID PUMPERS and get lead like "sheep to to the kill".. a wise man once said if it looks like a duck, swims like a duck and quacks like a duck it probably is a duck .. this board is full of Donald Ducks..
this after big losses in year 2013 and 2012 which were BOOM BOOM YEARS for the U.S. Markets.. only Raj made money on SPPI during this time period.. what's up with that? Gorillas, Elephants and Zebras.. NOT..
it hasn't even been voted in.. only .22 cents but it is the jester that has more meaning.. rate hikes and dividends.. Brazilian Government and it is full speed ahead Sparky..
and I'll admit this stock hs been frustrating.. and I only hope it has been more frustrating to the corporate officers, government and Brazilian shareholders as well.. I mean $77 to $10 is a disgrace.. I mean does Brazil have the heart and fight to gut it out.. Eike Batista a total failure.. what's up Brazil???
reuters says .5217 reais pre common and .9672 preffered.. that would be .2217 and .4127 u.s. currency.. it is more the fundamental structure and conforming to wall street that is important.. that with rate hikes plays more to the shareholder.. we can only hope for the best..
the point is that wall street made their points and PBR is following their leads.. the pricing and no dividends for a blue chip oil and gas company are inexcusable. PBR and their pensions obviously do not like a $10 price tag. but they did slap the shareholders in the face. time to play in the real world Brazil and PBR. I will take the dividend and earnings surprises that will eventually come their way. and they will be rewarded accordingly. stock will do a YPF you just watch and see!!!
aren't they the one's with rigged foreign currency traders.. yeah they are the one's that were fined $4.2B for MONEY LAUNDERING.. and they are still allowed to open their BIG FAT MOUTHS?
the united states debt surged $328B the first day the debt ceiling was raised and topped $17T.. PBR's debt is peanuts folks!!!
just trade in your divi for more shares and either laugh at the American Media or turn it off.. there is too much negative news every day THE SAY THE SAME THING.. over and over and over and over.. LET'S BE REAL.. the announced rate hike.. they announced dividend AND THE COMPANY IS MAKING MONEY.. wall street keeps pounding and pounding and pounding... NOBODY CAN PREDICT 12 to 24 months out.. analysts are a waist they need to get a real job like DIGGING DITCHES...
Goldman, Credit Suisse, JPM and the crew have been bashing Brazil and Latin America unmercilessly.. it really has gone to the extremes.. sign of Bear Market Bottom.. L A Funds down -9% year to date.. -24% 1 year.. 10% 3 years but..... Funds are plus double digits over past 3 to 10 years Annualized.. this means when emerging markets get hot they get hot.. we are talking 25%+ just like U.S. did last year.. it will happen and VALE will be one of the leaders in the $20's!