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


To: Madharry who wrote (5556)12/25/1998 11:14:00 PM
From: James Clarke  Read Replies (2) | Respond to of 78744
 
A Brazilian bank at half of book value. Hmm. Any read on credit quality. As you know, banks are leveraged at least 10-1, so just 5% unrecoverable loan losses wipes out half of book value and 10% is deadly. Any light you could shed on that issue? It sounds very interesting so far.

And what is its market position? Is this a bank in Brazil or THE bank in Brazil? Is there a "too big to fail" case to be made here?

And is it an ADR?

Jim