Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Hypermarcas Offers A Brazil Play With Double The Punch

This has been a lousy stretch for owning Brazilian stocks, particularly those exposed to the Brazilian consumer. If you believe that what comes around in forex rates also eventually goes around, and that the Brazilian consumer market is an attractive one for the longer term, this may be a good time to consider Hypermarcas (OTCPK:HYPMY). A little like the Johnson & Johnson (NYSE:JNJ) of Brazil, Hypermarcas is a leader in over-the-counter, branded generic, and generic pharmaceuticals, as well as consumer products like diapers, lotions, condoms, and various beauty/cosmetic/oral care products.

Like most Brazilian stocks, the moves in the dollar/real exchange rate have worsened an already difficult situation, and HYPMY shares down almost 30% over the past...

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