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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%4:00 PM EST
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To: Haim R. Branisteanu who wrote (44660)1/3/2009 8:58:37 AM
From: elmatador  Read Replies (2) of 217551
 
Make the future: 'those trading on inside information' do that.

Take Sadia the food producer here in Brazil.
They know much more about the market of frozen chickens, salami, ham and all the stuff they make than the people who buy their shares:
-the price movement of the feed stock for the animals
-the seasonal variation of the consumption internal market Brazil and the importers.
-the gains in cheaper transport
-the drop in energy prices
-The tax implications
-How much soft loans they are getting from BNDES (the state bank that provides credit)
-They know what happens when every % of interest rate move affect their business.

what their CFO is doing with the USD they get from imports
was crucial. Investors neglected that and see the result:

Specifically, Defendants failed to disclose or indicate (1) that Sadia entered into currency derivative contracts to hedge against U.S. dollar exposure that were entirely imprudent and twice as large positions called for by the Company's hedge policy; (2) that the Company's financial statements were materially false and misleading in that they failed to account for the Company's massive exposure to currency market fluctuations; and (3) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis when made.
msnbc.msn.com
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