jisaacs57. If by BZ you mean Brazilian train company "ALL AMERICAN LATINA LOGISTICA S A UNIT 4 PFD & 1 COM ISIN #B", you shouldn't apologize for missing it here. You were lucky.
I bought shares to tuck away. I'm down about 50% from my purchase here 5/'08. What got me was that it's expensive to buy shares in this company - you have to go through a 3rd party who has access to the Bovespa exchange, I believe. With the "extra" charges, it only pays to take large positions, and not lag in with small buys. Which for me means I'm down about 50% on a relatively large one-time buy.
One positive for me is that it's not so convenient to follow the stock's daily or weekly or any moves and news because of where I am and where it's traded. Which means for me, if I actually bought the shares to tuck away as I say, it's easy to just keep passing by it when I see it on my portfolio listing. Otoh, because I'm not alert to it, I likely missed buying more near lows -- presuming I even had courage to do that (I doubt it.)
Brazil is going to continue to supply commodity staples (soybeans, etc.) to a hungry world market. I expect eventually that the transportation infrastructure (American Latina--trains, Ultrapetrol (ULTR)--water transportation (barges/push boats)) to eventually reflect that with higher stock prices. So I'll continue to hold.
Fwiw, if there's interest in Brazilian stocks that trade mostly or entirely in the Brazilian market (maybe called 2nd tier stocks?) there's an etf, BRF that could be considered. It seems to exclude many of the biggies like the two main banks, Petrobras, and some other company shares which can be bought on the US exchanges. The etf is followed on the 50% Gains Thread, where it's close to reaching a bell-ringing target price. I'm late to this etf; I am a buyer though of a few shares at current price.
finance.yahoo.com
Edit: Going past transportation and fwiw, I'm a fan of Noble Group, a Japanese company which is a broker for commodities, e.g. Brazilian soybeans.
"Noble is a market leader in managing the global supply chain of agricultural, industrial and energy products. Our “hands on” approach to business has seen us grow to become a world leader in supply chain management in just 20 years.
We specialise in the origination and delivery of strategic raw materials, adding value at each stage of the supply chain. The Group is also involved in technical ship management, trade finance and coal mining running soybean crushing plants and sugar/ethanol mills in Brazil, amongst others.
Our global network encompasses more than 100 offices in over 40 countries across five continents. From our Asian headquarters, Noble Group serves more than 4,000 customers worldwide."
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