REMINDER - We will be hosting a brief conference call today, February 27th at 11:00am EST to discuss why we think market participants may finally be appropriately bearish on Brazil.
- Toll Free Number:
- Direct Dial Number:
- Conference Code: 896782#
- Materials: CLICK HERE (slides will be available approximately one hour prior to the start of the call
With the Bovespa Index down -54% in USD terms since peaking in APR ’11, we now think it’s appropriate to explore whether or not the currently distressed prices of Brazilian assets represent real value or if they remain a value trap. We will conclude the call with a live Q&A session.
KEY TOPICS WILL INCLUDE
- A review of our bearish thesis and key risks over the next few quarters
- Scenario analysis on whether or not this is a good time buy
- Is the bottoming process underway for Petrobras (PBR) and Vale (VALE)?
EWZ, PBR, VALE, USD/BRL
-The Hedgeye Macro Team