Earlier today we hosted a conference call to discuss why it may finally be the right time for investors to reallocate capital to Brazil. 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. Per usual, we concluded the call with a live Q&A session.
A brief synopsis of the key takeaways can be found here on our @HedgeyeTV YouTube channel: http://www.youtube.com/watch?v=baUM6Z69FN8.
KEY TOPICS INCLUDED
- 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)?
CLICK HERE to access the replay podcast.
CLICK HERE to access the associated slide deck (72 slides of in-depth analysis).
Please email us if you have any follow-up questions that you’d like us to address.
Have a great evening,
Associate: Macro Team