fatpitch2

How Many iPhones Could Wal-Mart Sell?

Another question is:

In a declining economy, how many more people can afford to sign on for paying a minimum of $75/month for two years to get on-board?

Brazil Is the Best of BRIC

Carl:

Thank you for your insight!

Could you elaborate on your comments regarding "nationalization" of the deep water findings. If what you said were to happened what do you think the impact would be to PBR (and to lesser extent EWZ) shareholders?

"It is likely to create a new national oil company, backed by President Lula da Silva, under 100% government control, to take ownership of the new reserves and develop them in partnership with Petrobras and others. While Petrobras is controlled by the Brazilian state through a majority of its voting stock, most of its capital is in non-voting shares. Some 60% of total capital is held by minority and largely foreign shareholders who would miss the opportunity to benefit from exploiting the offshore discoveries."

Thanks