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Non-Tech : The Brazil Board
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To: DewDiligence_on_SI who wrote (260)5/2/2011 12:43:13 AM
From: Paul Senior  Read Replies (1) of 2504
 
Why is it bearish for large cap Brazilian companies which are likely to be the big exporters? They seem to be doing okay -- getting plenty of sales, even if China, et. al. have to pay in the so-called overvalued Real. And if the Real drops to a less-overvalued place, then Brazilian exports will be even less expensive and more attractive to foreign purchasers. Wouldn't the large cap Brazilian companies then show even greater sales and profits on their p&l's?
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