There's really nothing easy about Companhia Brasileira De Distribuicao (CBD),
including the explanation of why the company is called both CBD and Pao
de Acucar. While this is the second-largest retailer in all of Latin
America, and the largest in Brazil, the company has a convoluted and
contentious ownership group at a time when the company really needs to
be more focused on improving its asset turnover and returns.
The
potential here is indeed very impressive, and CBD is one of the few
Brazilian consumer stocks that American retail investors can invest in
without going to considerable inconvenience (or accepting significant
liquidity risk). That said, the stock already incorporates pretty heady
expectations for growth and emerging markets are notoriously volatile.
Continue reading here:
CBD - Pure Play On Brazil, But With Demanding Expectations
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