SubscribeAll Posts Tagged With: "equator"
Six Profit Plays From South of the Equator
Like most other markets, Brazil has been battered by the credit crisis – the BOVESPA index is currently down 28% in October alone and no less than 52% from its peak as recently as May. It now appears to represent excellent value, with a historic Price/Earnings (P/E) ratio of only7.0.
But are Brazil’s prospects good enough to justify investing there?
Brazil was included in the “BRIC” (Brazil, Russia, India and China) group of rapidly emerging markets that Goldman Sachs Group Inc. (GS) created in 2003. At that time the country didn’t deserve the distinction. Long-term growth since the 1970s had averaged less than…
24Oct2008 | Money Morning | Comments Off | Continued
Loading ...
