Now it's my turn to suspect I'm crazy!
Bahema has a net cash/investments fund of 71.261 - 6.127 = 65.134 mi, but worth now just 61.108 mi !
And I'm not considering investments of 8.585.
Is there a chance to be right?
Efeitos no Brasil do cenário financeiro nos EUA
2 weeks ago
5 comments:
Maybe it makes sense, because we have to consider expenses to run the holding (Bahema).
I think it's not cheap enough to buy. There isn't a underlying business to take for free. It's just liquid cash you put on a business that holds cash that's out of your control. There are also taxes, expenses, debts, etc, wich add to the uncertainty of the investment.
In a time when the market offers just odd small caps, unknown for almost everybody, it's time to consider seat on my hands and do nothing.
I'm just trying to find opportunities, that, as it seems, are not in Bahema.
If I'm able to find good company at nice price, I'll take it, despite of general level price.
In spite of the current market price level, the good companies are probably not sufficiently discounted. Most stocks that are negociated at reasonable prices are the ones that I already own, like cgas, elpl, fras, coce, ciel, card, tkno, etc. Take for example the Greenblatt list you made. Most of the best classified stocks are the ones you already own or have some distortion or risk that makes it too risky.
Post a Comment
We encourage your feedback and we will take your comments into serious consideration. However, you must be warned that any comment that does not follow the blog philosophy (Value Investing and Behavioural Finance) will be promptly removed.