B2W, an internet retailer company, originated of the merger of Submarino and Lojas Americanas in 2006. Since then, its price has dropped from an average of 80,00 to just 6,00, a stunning drop of more than 90%!
That is, B2W price has to go up more than 1.200% to go back to the level that it was traded in 2007.
So I decided to use the power of Google and searched for news of 2006 and 2007, just to know what the analysts were recommending. And, as you can expect, it's really amazing:
September 2006 - 20 Best Stocks of Ibovespa
In this magnificent analysis, 35 "experts" urges you to buy Submarino, with an average upside potential of 33%. What is really funny is that this suggestion was done under the section "For those who do not want to be at risk"
November 2006 - Consumer Stocks
Brilliant analysts recommended to buy Submarino, estimating an average upside of 40%.
Oh really? Where the synergies have gone? Has any shareholder saw it?
September 2007 - 20 shares for a Brazil that grows
Here Exame.com consulted 25 analyst that suggested the best stocks for a Brazil that grows fast. B2W was indicated with an average upside potential of 45%.
See what the wise guys were recommending you to do (Target Prices for BTOW3):
Agora 105,00
Fator 122,00
Paraty 97,00
SLW 92,00
Socopa 107,00
Souza Barros 122,00
Average 107,50
So, would you give a shit next time you hear anything on the media?
1 comments:
This article by Brazillian Bubble is worth reading, just to laugh!
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