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GFASY: one for 9 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
GFA changed to GFASY. Delisted from the NYSE to the OTC:
http://otce.finra.org/DLAdditions
Lol! That's what I was thinking.
randomly found this stock and bought in at 10.48 and you say there is a divi
FYI, stock is trading ex-dividend now it seems.
Still seems it was an over reaction this morning.
After reviewing the filings .... here is my summary - could be wrong though.
The company plans to issue shares of subsidiary.
This dividend is to anyone who owns shares prior to April 28. That is you must own by April 27th.
I believe some institutional short has created fear in order to cover.
As of now, the US ADR is down 25% while the Brazilian ticker is up almost 10%
As I said elsewhere, this is likely the easiest trade of the year.
Unless I am totally wrong.
Do not want to break the 52 week low or shit will get real.
Form 6-K Gafisa for June 30
http://archive.fast-edgar.com//20140423/AM2UTQ2CZ22YMZZ222282ZNDKPHKZZ224262/
TWA; good call. where else?
up a bit to 2.79
http://finance.yahoo.com/q?s=GFA
Time to buy this in $2.20 range. Everyone bearish on Brazil, good buying on sale.
Blackrock not blackstone
The top 3 speculation buys under $5. Blackstone has a good chunk of investment here. They are good at buy ing low selling higher. Entry point above $2.40 good
MACD looks good, MA(50) looks good, she looks ready to run!
the motley fool is calling this a divi play but it seems to me that i read somewhere in the filings, there will be no divi this year.
http://www.fool.com/investing/dividends-income/2012/04/13/5-dividend-stocks-getting-slaughtered----includin.aspx
i guess since i am alone here, i will be the pumper and the basher. haha!
Long term we will see
The last 10-K wasn't pretty though but it doesn't take a rocket scientist to know that Brazil is up and coming with some growing up bumps along the way.
BTW Brazil has the world cup and the olympics coming up in the next few years. I think this stock will take off when those come around.
CNBC pumping this as a good long term Latin American play
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