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

To: Spekulatius who wrote (53299)	2/2/2014 2:46:38 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78516

For now BBD still just on my watch list. No decision to buy. Your numbers look better now than for my Colombian pick of CIB. I've mostly given up on CIB and have sold in partial amounts as stock has fallen. Holding a stub position for now. CIB has surprised me: Colombia should be growing with oil finds and production and government non-intervention (much less anyway, than Brazil government insertion into Brazilian economy.) (CIB: as from my previous posts: I've been in for many years. Current holdings from '08, so I still show very green on my few shares.) I see from this article forbes.com , Sumitomo Mitsui Financial (SMFG). Perhaps this one might be low enough, finance.yahoo.com ,to watch for a possible entry. Although I don't have an opinion or understanding how Japanese government stimuli will affect SMFG going forward.

To: Spekulatius who wrote (53299)	8/8/2015 10:21:06 AM
From: Spekulatius	Respond to of 78516

Looking at ITUB once again, pretty good summary here (note also the link to the Morningstar article): blogs.barrons.com So this is a bank trading at 1.4 x book with a 20%+ ROE. 10.5% Tier 1 ratio at current exchange rates. the negative is that Brazilian economy is in a recession and will stay there in 2016 and $40/brl crude. while it seems like they understand the NPL situation very well, a major hiccup (big state company getting into serious trouble) could cause a lot of damage to the Brazilian economy and their loan book. That notwithstanding, it seems like a prudently managed bank that is quite cheap considering the current number. Anybody own this or is looking at the stock?