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Started By
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My stock of the day: ABEV
Posted on 12/4/13 at 2:29 pm
Posted on 12/4/13 at 2:29 pm
originally know as ABV. There was a merger in the company last month (now listed as ABEV) and had a 5:1 stock split.
Now trading at less than 7$ a share which i think is a very good time to jump in. It has a tremendous upside esp with the upcoming world cup in Brazil
Now trading at less than 7$ a share which i think is a very good time to jump in. It has a tremendous upside esp with the upcoming world cup in Brazil
This post was edited on 12/5/13 at 2:43 pm
3
Posted on 12/4/13 at 2:34 pm to Northwestern tiger
I agree. Been watching this stock as a good consumer play on the Brazil games. Good price point? Maybe now.
Posted on 12/4/13 at 2:45 pm to ynlvr
What else do you like about the stock besides an upcoming World Cup play? Can you give us newbies to the stock a high level overview?
Posted on 12/4/13 at 2:50 pm to Northwestern tiger
quote:
ABEV
I bought about 1k$ of ABEV when Brazil was doing a toilet bowl swirl but had to sell in October when I needed money (still in college)
I am thinking about buying some back up when I have money come in soon. I am excited
Posted on 12/4/13 at 2:52 pm to ynlvr
Right now is the best time IMO
I made lots of money on this stock before
I made lots of money on this stock before
Posted on 12/4/13 at 2:56 pm to LesU
Brazil is producing a strong middle class (along with inflation). ABEV is the 800LB gorilla in beer (65%) and alcohol. I like it's market position.
Posted on 12/4/13 at 3:00 pm to ynlvr
how much of a beast do you guys think this one can be?
Posted on 12/4/13 at 3:09 pm to The Egg
Well, Brazil has had a rough economic summer causing some unrest amongst the locals. So, risk is aplenty. Sales have been flat. Is it time to turn? Maybe yes, maybe no. The bad news appears cooked in. I say it's up from here. Just an opinion.
Posted on 12/4/13 at 3:21 pm to The Egg
quote:
how much of a beast do you guys think this one can be?
They are positioned to grow into the South American market leader in beverage distribution. They have solid licensing deals. As long as management is good, increased revenue will turn into capital reinvestment and allow fast growth in South America
Posted on 12/4/13 at 3:32 pm to Northwestern tiger
quote:
Brazil's economy shrinks for first time since 2009
(Reuters) - Brazil's economy contracted in the third quarter for the first time since early 2009 as a steep drop in investment showed flagging confidence in what was recently one of the world's most attractive emerging markets.
The economy shrank 0.5 percent between July and September from the prior three months, government statistics agency IBGE said on Tuesday, missing forecasts in what has become a disappointing routine over the last three years. Gross domestic product had been expected to drop 0.2 percent, according to the median forecast of 40 economists polled by Reuters.
The weak quarter reinforced a dimming economic outlook for Brazil, which has struggled to contain inflation and stay competitive in recent years, tarnishing the reputation earned with a decade of robust growth.
Reuters, dated today, 12/4/13
Posted on 12/4/13 at 3:46 pm to LSURussian
I think I'll keep sitting it out for a while.
This post was edited on 12/4/13 at 3:47 pm
Posted on 12/4/13 at 3:59 pm to ynlvr
The only reason I knew about it was there was a piece about it on CNBC this morning. How the "B" in the BRIC countries is stumbling.....
Posted on 12/4/13 at 4:03 pm to LSURussian
Yes, I saw that too. I've been considering entering a Brazilian ETF when I think the bottom is near. Hence, my interest in ABEV and all things Brazil. It's still falling.
Posted on 12/4/13 at 4:07 pm to ynlvr
I got in VALE and ITUB, both at bottoms. My intent is a 5 year hold on them. Good dividends and hopefully great appreciation ahead.
Posted on 12/4/13 at 8:46 pm to LSURussian
I guess thats why ABEV was free falling for the last week
I sold my shares at 7.60$
I sold my shares at 7.60$
Posted on 12/5/13 at 8:47 am to ynlvr
quote:
I got in VALE and ITUB, both at bottoms. My intent is a 5 year hold on them. Good dividends and hopefully great appreciation ahead.
i'm on this train with you. I think we will be very happy in a year and a half
Posted on 12/5/13 at 9:03 am to Jorts R Us
If I was looking into some of these stock options, where would be the best place to get started and are there minimums required to set up an account or to buy stock?
Posted on 12/5/13 at 9:33 am to tdavi48
TD Ameritrade is a good place to start. Pull them up online and see how to set up an account. Minimums are pretty low.
PS: Do you really mean "options" or straight stock trading? Either way TD is a good place to start but options trading will require it's own approval level.
PS: Do you really mean "options" or straight stock trading? Either way TD is a good place to start but options trading will require it's own approval level.
Posted on 12/5/13 at 9:38 am to ynlvr
please let it drop back to 7 and I'm going all in
Posted on 12/5/13 at 9:39 am to Northwestern tiger
It's already traded below $7 today.
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