User 172125

Brazil: Let the Feeding Frenzy Begin

Otto- Thanks again for your comments.

I do recognize that there are short term profits to be made (and I must admit that I have traded a few positions myself).

Fitch just upgraded Gafisa today and their earnings were spectacular-

I think Brazil is a great play- not only many of the ADRs but for those of you that wish to trade Bovespa- only shares- there is an 'international investor' section at: bovespa.com.br

One interesting sidenote from this weekend's Berkshire Hathaway meeting- the Brazilian Real is Warren's ONLY foriegn currency holding........

Brazil: Let the Feeding Frenzy Begin

Otto- First I want to thank you for bringing exposure to Brazil.

I am a professional investor- and began to invest in brazil three years ago. My wife is Brazilian and I have spent much time in the country.

For anyone interested in brazilian ADRS (brazilian stocks traded in the US- the full ADR list is on stocksabroad.com )

The one thing i must disagree with is 'short term profits'- these are buy and hold stocks. Brazil has the second best performing stock market during the past 6 months (behind the US)- and is best poised to see a significant run-up due to the fact that SandP has upgraded the country's debt to 'investment grade' as well as many of its blue chip cos.

I suggest investors take a strong position - also US investors CAN trade Brazilian stocks traded on the Bovespa but not the us (non-adrs)- if you go to bovespa.com.br - see the 'international investors' section for instructions. This option makes sense if you have over 100k to work with- otherwise you are best just buying the adrs......