I just returned from Brazil and did some ATM work for the Unibanco in Sao Paulo, for the UBB. I think the economy is just great in Brazil and it is unbeleive that UBB is trading on the US stock exchange for such a low price. UBB is one of the richest after Caxia in Brazil. It is a buy in my opinion at these low levels of 15 bucks and it will have a big turn around before the end of the year, while the economic reforms start to take place. My prediction for UBB upper 30s by the end of the year. TBR is my other Brazilian stock winner pick. It is also a solid buy at these levels.
Tchau BBM |