My take on Petrobras is this - the stock is fundamentally undervalued. Presently oil prices are falling, the Brazilian government is sending mixed signals about ownership of oil and the large investors are selling and selling fast - partially because of the end of year effect.
Bottom line for me is that Petrobras is a great buy, and $40 is an insane price from a valuation perspective. However, it is now all a matter of timing, and we all know what happens when you try to time the market. Nevertheless, I'll buy, but not now - November/December sounds like ideal for me.
Petrobras Explained
Nostalgic About Bangladesh
I was just thinking about all the different food I used to eat. Like the long palm-tree like tree that you cut into and got to juice of - don't know what its called in English. And the green coconut juice with the soft white middle. The jackfruit and later you could cook the seeds inside them. And all of this from our home in Shantinagar. Also, let me not forget the guava trees which is the best possible wood to make sling-shots out of!
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