Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (32384)	10/9/2008 12:15:35 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78632

PBR. It's mostly a portfolio decision, rather than a judgement of PBR itself. I have bought and added to PBR since 2005 in a portfolio in which it came to represent more than 1/4 of the value of the portfolio. In addition, in that portfolio I've held a number of Brazil-related stocks. That portfolio has fallen in value substantially - as have all my accounts. It's just got to the point where I'd not like to see so much dollar change there (in the portfolio) due to PBR and events that might happen in Brazil. PBR seems to have a great future ahead of it if we can wait for the oil discoveries to be developed, if one assumes assumes oil prices don't collapse, and if the Brazilian government can contain themselves and not destroy the golden goose (PBR) with confiscatory or impeding laws. I intend to hold shares - just not so many.