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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 | ContinuedMonsanto Mania: The Seed of Profits
There has been a lot of negative sentiment in the market lately: Inflation is on the rise, production and manufacturing has halted, and consumer spending – which represents 70% of U.S. GDP – is on the fall.
However, through all of the market angst, investor fear, and economic slowdown – Monsanto’s (MON) stock managed to appreciate 137% in 2007, compared to a measly 6.5% return on the Dow Jones. Monsanto’s huge rally is absolutely fascinating and we here at the StrategyLab Open would like to jump in and give it the basic rundown.
Who is Monsanto? What do they do?
Monsanto is…
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