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

Healthy Spreads And Steady Operations Helping Braskem

Brazilian shares have had a good run since the spring, and Braskem (NYSE:BAK) has gone along for the ride with the shares climbing another third since my last piece, taking the shares up 70% over the past year. Brazil's economy is still in tough shape, but weak oil prices and healthy international demand for polyethylene and polypropylene have kept the company's financials in good shape.

There are a lot of unknowns that investors have to make their peace with if they're going to own Braskem. The company announced earlier this month that they were having settlement discussions with the U.S. Department of Justice and the SEC regarding the company's involvement in a widespread bribery and corruption probe

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details