There's really nothing easy about Companhia Brasileira De Distribuicao (NYSE:CBD), including the explanation of why the company is called both CBD and Pao de Acucar. While this is the second-largest retailer in all of Latin America, and the largest in Brazil, the company has a convoluted and contentious ownership group at a time when the company really needs to be more focused on improving its asset turnover and returns.
The potential here is indeed very impressive, and CBD is one of the few Brazilian consumer stocks that American retail investors can invest in without going to considerable inconvenience (or accepting significant liquidity risk). That said, the stock already incorporates pretty heady expectations for growth and emerging markets are...
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