Apple Inc. (AAPL) Message Board

I agree. Spin off Alphaville later on. The stock price should rebound on its own. I think the longer this stock remains below the $6+ Book Value, the more likely the whole company gets taken out. If I were Sam Zell, looking to get back into Brazil, it's a No Brainer what I'd do right now.

Yes, that's what I heard. I didn't think it was likely at first. But the more I analyze all the moving parts and the recent news, the more sense it makes for a run on the whole company. Then you can worry about splitting it up later on, after some of the "known" unknowns play out. At the current price, it's already discounted all the "known" unknowns. And then some. It would take "unknown" unknown events to justify such a steep discount to book. I bought some more today. I have a hunch we are going to wake up one morning and see this stock called UP 5 bucks! I'm not going crazy with it, but I can tell you I certainly wouldn't short the stock at current levels. JMHO

This is some of the verbage from the upgrade. The translation wasn't very good, but here is what I got

According to the broker, Gafisa had an improvement in their operational indicators such as sales velocity and significant recovery of cash generation, presented in prior operating. Moreover, the company has a valuation that reflects a weak result expected for the 4th quarter of 2012, but does not reflect an improvement for 2013.
Were also cited as strengths of the potential IPO Alphaville division of the company and an increase in its mortgage.