In Mexico you pay your "corruption tax" to whoever is your local strongman or you don't do business. That is the nature of capitalism down there. Money can be made by investors for sure but that scenario will forever have its "risk factor" re the struggle between who is the strongest strongman. Capitalism down the barrel of a gun. Not as bad or quite as ruthless as Russia but a battle none the less. Some people prefer that environment, others don't.
Is this due to some over-all uncertainty re outcome of the giant bankruptcy proceedings of Brazilian tycoon? The world is watching! This is a volatile stock for sure and seems particularly sensitive to ANY news out of Brazil. I have done pretty well "month-trading" this over the past few yrs and this is definately buying territory. May have to wait a bit but the upside is often as big a jump as down run. I know this is just casino talk and I always appreciate those of you who invest with real DD behind your moves and your willingness to share on this board.
fossil fuels produced domestically or abroad sell to the highest bidder. why do you think it is more important to get a pipeline to the gulf coast than to build an expensive refinery in the middle of the country. the stuff HAS to be able to get to the highest bidder. It is just the way of things. Most of Alaska oil goes across the pacific. Its funny to hear people say drill baby drill and that will bring down price of gas. Uh, nope.
I got in and out of this stock many times in the past and made a few bucks. They seemed to be a solid small co with progressive thinking mgt (attempt to recover methane from garbage dumps, etc, small pipeline from source to users, old well recovery attempts) and there was an informed core message board including oiland gasman, and others. For the past yr core grp is gone and mgt seems to be extracting what ever value is left in this co in the form of paychecks. It may be they are winding down and just looking to cash out.
Hey aco, isn't this just the most volatile little thing you ever saw. It catches the eye of casino day traders thats for sure. Volume is right up there. I always wonder who is behind all those trades and what's their motivation aside, of course, making money. Way under valued,, low pps, and relatively stable seems to be a sort of criteria for entry into the casino. Whatever........as long as the lows keep getting higher.......and they have been.
the windsor block in nova scotia? I see they describe it as a "legacy holding" and apparently are looking to unload it. Lots of fracking opposition over there but there must be some value to someone.
I increased by 30% at 2.37 and that gives me a 3.40 average. Here's to us all !!!!!!! Aco, what is the most likely near term catalyst to launch this pup?
Everyone who is anyone knows that there are no more efforts by anyone to try and limit or reduce voting participation by (low income earners, shall we say) except for a few isolated places where those darn (low income earners, shall we say) vote enmass and don't particularly like candidates who are bought and paid for by (high income earners, shall we say) and so that darned Holder should just stop his butting in where those (high income earners, shall we say) are just doing what they are entitled to do to continue to be in power.
It's encouraging to see that some analyst is willing to risk a little of his credibility to basically promote this co and give a credible reason why. I have thought that I should buy more from time to time at these stupid low prices and average down my position but I have been hesitant due to all the obvious reasons. I may reconsider.
Thanks for the reply, it's about what I thought except I thought the govt was better. even though some of the demonstration was about money spent on world cup and then olympics rather than schools and other infrastructure I can't help but think both of those events will have some economic benefit. One way or the other though the people will be heard. May intelligence reign!!! Mexico would easily be a first rate economic power if not for corruption that is a SOB to remove. I've been to Mexico interior and it is stunningly beautiful as I have no doubt is true of Brazil. Humans are strange critters. Russians got rid of Communism only to be taken over by russian mafia.
Aco, you and a few others on this board keep up with current over-all movements, etc in the Brazilian economy. I have a position in this stock a bit below 4 and am willing to hold ( I would be buying these insane dips but don't have much powder in this particular acct) for 6 months or a year. Is my confidence in Brazils ability to manage its growing pains accurate. I know no one has a crystal ball but taking a few steps back for a more macro/global view, does Brazil have the leadership (political and economic) to turn the corner for the next 2 yrs or so? For some reason (probably insane) I always feel like a Brazil cheering section (its probably the music from there) but I try not to let that sentiment color my investing. I did pick up a very small amt of ELP and its already moved nicely up. I feel like I'm letting BSBR slip away again and will continue to watch it.
All the Best to ya.
Was it just the 52 wk low or have you done a lot of DD on this bank? I haven't been able to get a clear picture of the variables currently affecting financials in Brazil. I have done well with this bank in the past buying on dips. Haven't pulled the trigger yet but not sure why except for the upheaval going on there. The pps IS compelling.
Aco, Ive seen you mention ELP in the past. Other than being in a 8.26 % dip today, what do you see in that particular stock? didn't they have a drought issue re their hydroelectric producers? Just curious.
BSBR become compelling? Even though Brazil is imploding socially/politically that stuff will resolve itself (Brazil is not Greece) through some (at least mostly) rational changes. Isn't BSBR one of the stronger financial institutions in Rio and Sao Paulo and a little bulldog arm of SAN? I've done well with them in the past as there has always been buyers to swoop in on dips.