To all: I question the validity of all these news sources like CNBC, street.com etc Their interviews to a variety of money managers (who underperform the index in 85% of cases), "investment strategists" (likely the same guys who recommended Telebras at 120), "chief economists" (of what?), result in a endless cacophony (greek term which means confusion of sounds resulting in acoustic chaos, or simply bad sound), which confuses us and prevents us from making good, informed, well thought decisions.
I don't see how Unibanco, at these very low levels, with recent good news, could go lower. And the 10% dividend is not bad either. I see value in TSP, Embratel and TCP.
One year from now, we shall read that thestreet.com thinks Brazil is a great place to invest. By then, Unibanco could be $20 or more.
This said, it is always good to hear all sources and I do not mean to diminish the value of Djane's posting, but just put these reports within a wider context.
Finally, Merrill Lynch restated their neutral view on Unibanco after the last esp release. They also had a great report on 1/6 on Latin American Telecom, full of numbers in well organized tables, which I have not yet had time to look at carefully.
best regards,
Alfredo |
