Mensajepor iglejav » Vie Ene 30, 2015 4:12 pm
Hoy continue con la acumulacion de acciones.. Esta muy barata y noto que el mercado esta obviando lo que creo fue un balance positivo. Los tipos van a presentar el write off antes del cierre del año fiscal asi la perdida generada los blinda contra el pago de ganacias...
Les mando un articulo. Discrepo en una sola cosa con lo que dice este flaco de Barclays... para mi se duplican en el 2016 (principios)
Petrobras Shares Could 'More Than Double' by 2018: Barclays Analyst
BY Dan Freed Follow |
01/30/15 - 11:54 AM EST |
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Stocks in this article: PBR
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NEW YORK (TheStreet) -- Petrobras (PBR - Get Report) looks like a risky bet, but one analyst believes the shares represent "a very interesting special situation where the shares could potentially more than double over the next three years."
The Brazilian oil giant has seen its shares lose some 70% since the start of September due to a combination of a sharp fall in oil prices and a corruption scandal involving Brazilian politicians and Petrobras executives who have left the company since the allegations came to light.
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The scandal over alleged money laundering, known as "Operation Lavo Jato," which translates to "Car Wash," caused Petrobras to release its third-quarter financial filings more than two months late. Although Petrobras released its results Wednesday, it noted it still has work to do before it can fully assess the size of the writedown it will have to take related to the alleged money laundering.
Petrobras shares lost more than 10% following the release of the results, and Barclays analyst Paul Cheng wrote Thursday it is "understandable that the market is disappointed."
Still, he argues "the market might have underestimated the massive undertaking required by this investigation which unfortunately will likely take longer than the market's expectation." He further notes "the expected writedown will be related to noncash charges and will not impact the company's future funding needs since it will not impact Petrobras' cash position or its operating cash flow."
While Cheng believes Petrobras shares could "more than double over the next three years," Credit Suisse analyst Andre Sobreira takes a considerably more skeptical view of the situation.
Sobreira listed several concerns in a report he published Thursday, including the difficulty Petrobras will have releasing audited financial statements ahead of a June deadline to avoid a breach of bond covenants. Indeed, hedge fund Aurelius Capital argues Petrobras is already technically in default on $58 billion in bonds. The company disputes that claim, but acknowledged it may have difficulty meeting the June deadline.