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EXTENDED HOURS:
Last: 0.0011 Change: +0.0001 (+10.00%)
Bid: 0.001 x652,000 Ask: 0.0011 x1,100,000
So from July 17, 2013 thru August 15, 2013:
A total of 3,474,036,311 shares have traded and of that total; 1,192,584,488 or 34% were shorts.
You are quite the sly one Silverbuffalo. This linked message was in response to a bet wagered against Silverbuffalo.
My bet is that SEEK will be up-listing in September.
Silverbuffalo stated that if SEEK does up-list, he will remove himself as moderator. MARKED... He then deleted his post leaving me with a bizarre statement.
If SEEK falters and there is no up-listing, I will post some negative SEEK comments and then take a vow of silence until it does up-list to the OTCQB.
Up-listing to OTCBB should force a short squeeze and an accounting of the shares before the change from OTC. Also, the up-listing to the OTCBB should have us tracked by all the big board sites along with the Nasdaq, Dow, and AMEX, so a high percentage gaining day would reap greater exposure to large investors.
SG confirmed that we have major firms on Wall Street interested in SEEK, but first W.S. says that SEEK must be fully reporting on the OTCBB. This gives institutions the green light & just cause to pump up an OTCBB stock. Major firms know first hand the counter-short potential and profits to be made by them stepping in with big investments. Not necessarily for long-term gains, but to manipulate a short squeeze. In my opinion and experience, W.S. firms could careless right now if SEEK becomes the next baby Google. They know the short/naked shorting game and its $ value to join the opposing team. I've witnessed this trend many times.
Just the opposite and that's why you're here, when up-listing to OTCBB (to the best of my knowledge) shorts will be forced to cover positions. My best experience was a penny stock that ran from $0.0003 all the way to $0.045. Then dropped back under a penny and stabilized. That stock had 20 billion shares outstanding due to shorting corruption, but still ran to $0.045
One thing I've learned over the past 14 yrs of investing in pennies. When the bashers intensify, it's because the signals are coming down from the top of the food chain. A very positive sign for longs and traders.
If you feel that way then stop wasting your valuable time posting on this board. Move on to a stock that you feel has value and potential. Unless of course you are paid to post negative remarks, then you will be here for quite some time.
It's my understanding that SG holds 1b shares.
Is it that close to Halloween because there are quite a few posters going out of their way to scare investors... boo! will be boo-hoo in September. Anyone with experience can clearly see the manipulation and repeat patterns on level 2.
If you are being paid more than $8.00 per hour, these hedge funds must really be desperate for stock manipulators.
Interesting how quickly SEEK is spreading...
DamnGood PennyPicks Newsletter
SEEK is Transforming Search…
… and Boosting Revenues!
Happy Tuesday and Great Evening!
How much would you be worth if you had snapped up a few thousand shares in Google when it was just starting out I bet you`d be freaking amped out of this world. A few dollars would have turned into hundreds of dollars. Imagine if you invested $5,000… you`d be sitting pretty!
My guess is that you’d be sipping expensive champagne on St. Tropez right now because Google became a beast of a money-making machine (for those who got in).
Many traders seem to think that once they missed Google the opportunity to have a big payday with a tech stock is pretty much gone.
The thing is most traders are… Wrong!
Internet companies come on the horizon every day. The only challenge is picking one that has extremely strong gain potential. That’s the bad news.
The good news is that I have done all the hard work and plucked an extremely undervalued play that is well poised in the tech space – to explode.
Introducing THEDIRECTORY.com (SEEK) which closed Tuesday at 0.0011
I believe SEEK is another Google just waiting to explode and I kid you not when I say that its gain potential is so huge, it’s only a matter of time before traders on the fence get completely shut out.
And if you don’t believe me try this on for size:
· 34% increase in most recent market valuation delivering net intraday gains of more than 27%.
· A solid 60% increase over average volume in the last 5 days trading.
In recent weeks the breaking developments on this bad boy have been so juicy, you’d be forgiven for thinking that Bill Gates himself has a hand in it.
The truth is SEEK is charting its own path to super tech stardom. Led by a team of savvy entrepreneurs, the company is building key strategic alliances and delivering real value to internet searchers.
People like you and me, believe it or not or driving SEEK’s profile and it’s only a matter of time before this company is the feature story on the major investment networks.
Your mandate here should be obvious then…
Give SEEK your massive and undivided attention!
Investor Highlights
SEEK has been making a massive climb since last year, adding a mind-boggling 1000% to its 52-week low since November 2012.
SEEK’s massive uptrend has been attracting bullish investors in droves. A recent market valuation saw volume explode past average with over 156 million shares changing hands.
SEEK’s outstanding gain potential has remained tantalizing within reach of investors and RSI is just 57.00. This incredible technical setup makes SEEK a very attractive play and bullish investors have already started to sharpen their scalpels.
SEEK delivered a market-beating performance recently, rallying 34% and proving to bullish investors that vigilance is the only true ally when it comes to capitalizing on its outstanding gain potential.
SEEK is actively pushing to become a fully reporting company with the SEC and recently announced the engagement of accounting firm DKM Certified Public Accountants, a PCAOB registered firm. DKM will act as SEEK’s auditor of record for its future filings with the Securities and Exchange Commission.
SEEK’s strategic profile got a major boost when it secured a key partnership with Yola.com, a leading website building platform. This new partnership is expected to yield high returns from the exploding website building industry.
SEEK’s extensive pool of search directories spanning everything from finance to health related websites is now starting to come into their own. As more and more people come online, the demand for more content-specific search portals will only increase and SEEK is well poised to capitalize on this trend.
SEEK made a big step in carving out a piece of the multi-billion dollar mobile search sector when it signed a deal with mobile industry leader Duda Mobile for its customer channel.
About SEEK
SEEK (TheDirectory.com, Inc.) operates as a diversified local Internet search company. The company owns and operates a network of locally targeted, category specific search destinations through its local business search engine, TheDirectory.com.
SEEK sells listings on its local search network to local businesses and professionals primarily in the health, legal, and finance sectors.
SEEK has built up a diverse network of directory sites and other sites in the network primarily include BusinessList.com, Podiatrists.com, Chiropractor.net, Therapists.net, DentistAppointments.com, and Dietitians.net.
SEEK also engages in building, hosting, and managing Websites, Web identities, and search engine marketing programs for its clients.
Mobile Search is the Future of Digital Ad Revenues
If there was any doubt that SEEK’s new mobile alliance and its growing directory of search sites is a massive cash cow, then the numbers coming out of industry research should sober up the naysayers.
Juniper Research predicts mobile search and discovery will reach $15bn in revenue by 2017, triple the current figure, driven by localised search apps.
The growth of mobile will drive click-throughs and make mobile ad space increasingly lucrative.
Click-through and cost-per-click rates for `search & discovery`, including web search, local search, augmented reality search and discovery apps, are some of the highest in mobile advertising because users want specific products or services, and can be accurately targeted by advertisers.
And it’s not just Juniper that has some serious projections for growth – other big-name firms are chiming in.
Worldwide mobile advertising revenue is forecast to reach $11.4 billion in 2013, up from $9..6 billion in 2012. That’s according to leading industry analysts, Gartner, Inc.
Worldwide revenue will reach $24.5 billion in 2016 with mobile advertising revenue creating new opportunities for app developers, ad networks, mobile platform providers, specialty agencies and even communications service providers in certain regions.
“The mobile advertising market took off even faster than we expected due to an increased uptake in smartphones and tablets, as well as the merger of consumer behaviors on computers and mobile devices,” said Stephanie Baghdassarian, research director at Gartner.
“Growth in mobile advertising comes in part at the expense of print formats, especially local newspapers, which currently face much lower ad yields as a result of mobile publishing initiatives.”
“Smartphones and media tablets extend the addressable market for mobile advertising in more and more geographies as an increasing population of users spends an increasing share of its time with these devices,” said Andrew Frank, research vice president at Gartner.
“This market will therefore become easier to segment and target, driving the growth of mobile advertising spend for brands and advertisers. Mobile advertising should be integrated into advertisers` overall marketing campaigns in order to connect with their audience in very specific, actionable ways through their smartphones and/or tablets.”
Geographical regions will also evolve at a different pace and in different directions. Historically, the atypically large adoption of handsets for digital content consumption in Japan and South Korea has given the Asia/Pacific region an early lead in mobile advertising worldwide.
Looking forward, the high-growth economies of China and India are expected to contribute increasingly to mobile advertising growth, as their expanding middle classes present attractive markets for global and local brands.
Recent Developments
In the extremely lucrative world of online search, vertical integration and partnerships are key to not only success but survival.
SEEK has demonstrated time and again its ability to forge strong strategic ties and bolster shareholder value and once again this ability was put on grand display. The company struck a deal with a leading mobile industry leader – a deal which investors have yet to price into SEEK’s extraordinary gain potential.
Here is the extract of this latest breaking development:
TheDirectory.com Partners With Mobile Industry Leader
TAMPA, FL–(Marketwired – Jul 29, 2013) – TheDirectory.com, Inc. (PINKSHEETS: SEEK) an emerging leader in the Local search space, today announced that it has partnered with mobile industry leader Duda Mobile for its customer channel. The Company will be developing custom Mobile search applications for its directory channel.
TheDirectory.com founder and CEO Scott Gallagher issued the following comment regarding today`s press release: “Clearly the future of the Local search space will be based on a user`s ability to find local businesses via Mobile devices.
In fact according to a recent study, in just 18 months from today, 2015, more Americans will be accessing the web using a mobile device than by using a desktop computer.
Add the fact that 70% of all mobile search`s result in some sort of action within an hour of the search, a phone call, a store visit, an email, etc.
The findings of the statistical data could not be clearer. The future of our business will be based to a very large extent on Mobile. Our build, buy or partner growth strategy is based on growing efficiently without sacrificing products or technology.
Our ability to drive and convert mobile traffic for our clients into phone calls, appointments and visits as well as our ability to drive and convert traffic to our core Local directories will be of the utmost importance in this strategy.
To that end we`ve selected Duda Mobile as our mobile partner for our customer channel. Over 2 million mobile websites have been built using the Duda Mobile platform.
We`ve built many client websites using their platform, the search and traffic results have been impressive. Duda Mobile has the products we need to capitalize on this massive opportunity in the Local mobile search space.”
Gallagher continued, “We now have key partnerships in three of the most important areas of our business outside of directory listings: Local business listings management with Yext, a self-serve website development product with Yola and mobile anything with Duda Mobile.
To develop these products internally would have cost many millions and an enormous amount of time. Our plan is to bundle these new products into our core Local business package.
We expect to begin marketing and selling the new products almost immediately, probably within the next two weeks.”
I hope you caught that last line folks – SEEK is literally just weeks away from generating revenues.
Talk about quick!
There’s clearly very little time before the herd swoops in on SEEK and begins making mincemeat of its gain potential. The time to begin your research is right now.
Grab hold of this bad boy because it’s about to explode.
To learn more about SEEK please visit their website: [1]http://www.thedirectory.com/
I haven`t been this excited about a company in a while and it`s because internet business is booming once again. Look at LinkedIn, Facebook, Amazon, and many others. We might just be looking at the start of another .com/tech bubble and I want you to get in early and make huge profits.
Your Friend,
Jeff “The Mirkinator” Mirkin
info@damngoodpennypicks.com
I Answer All Email
DISCLAIMER:
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: DamnGoodPennyPicks employees are not registered as Investment Advisers or broker-dealers. None of the materials herein constitute offers or solicitations to purchase or sell securities of the companies profiled and any decision to invest in any such company_or other financial decisions should not be made based upon the information provided herein. Instead DamnGoodPennyPicks strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. DamnGoodPennyPicks does not offer such advice or analysis, and further urges you to consult your own independent financial advisors. The report in this newsletter is provided solely for informational and entertainment purposes. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor`s investment may be lost or impaired due to the speculative nature of the companies profiled. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, projections or future events are not statements of historical fact and are “forward-looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those anticipated. DamnGoodPennyPicks may receive compensation for the issuance of this report which is an absolute conflict of interest in our ability to be unbiased. In any event, DamnGoodPennyPicks will never accept compensation in shares, restricted or free trading. Any and all compensation received in cash will always be disclosed. We have been compensated twenty-five thousand for the dissemination of this report by an unaffiliated third party. For preparing this publication, DamnGoodPennyPicks has relied upon information supplied by its customers, and press releases that it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this report but rather use the information contained in this newsletter as a starting point for doing additional independent research on the featured companies. The advertisements in this newsletter are believed to be reliable, however, DamnGoodPennyPicks and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. DamnGoodPennyPicks is not responsible for any claims made by the companies advertised herein. Although the information contained in this e-mail is believed to be reliable, we make no warranties as to the accuracy of the content of this e-mail, and expressly disclaim and accept no liability for how readers may choose to utilize this e-mail.
References
1. http://www.thedirectory.com/
This message was sent to from:
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Read more: http://www2.thestockmarketwatch.com/newsletters/2013/07/30/seek-is-my-new-pick-get-ready-to-ride-this-bad-boy/#ixzz2adEFEq2m
About Us (from their website)
CityGrid Works for Everyone
The local advertising market is just plain tough. Small businesses still struggle to see value in online advertising, local sales organizations struggle to make profits and many industry partnerships are not equitable. We know it's hard. So we built something different, something better.
CityGrid is the only local advertising platform that works for everyone. We believe the only way to be truly successful in local is to provide an open platform that is built on equitable partnership and creates a healthy competitive environment for everyone. We give:
Mobile App Developers the ability to deliver consumers a great local experience on-the-go and make money when they show the right ads
Websites the tools and the ads to deliver a great local experience to their consumers and be fairly compensated for the value they drive
Local Businesses the best advertising solutions that drive more customers to their doors for fewer dollars
Local Ad Sales Organizations all the traffic sources to deliver better ROI for their advertisers so they can build long lasting relationships
We work for everyone because we have solutions that fulfill these needs. We have patented technology, open APIs and specialized ad products. Many apps and websites are using our open platform giving us an extraordinary reach. They love our content-based advertising, which we've built through our owned & operated brands and through partnerships with content-owners.
Simply put, CityGrid is the only local advertising platform that's open and truly works for everyone.
That reminds me, did anyone ever ask what happened to the business location SEEK was supposed to establish over in India? Did it ever happen?
Do the longs recall a while back when Scott said he felt that the SEEK share price was being manipulated? He then went on to say that he was investigating ways to correct this problem. Well, I really feel that he has also taken measures and advice from WS firms/investors that he's met with to take the bull by the horns and fight back against short manipulation (and for those familiar with the term "naked shorting") Naked shorting is when hedge funds create 100 or 1000 "phantom shares" for every share that they short a company. These shares are never covered unless a company is able to up list themselves to a new exchange. At the same time every day or other day Scott has been hammering out news to keep all prospective investors on the edge of their seats. I think he knows the strategy to catch these shorters and he's using all of the news to hold these shorters (and naked shorts) hostage until September. This guy was also a hedge fund manager in a prior career, so possibly he has also been exposed to the in's and out's of these tactics. As another poster mentioned, it is true, that shorters might be forced to cover billions of shares, if indeed they naked shorted SEEK.
GLTA
Do the longs recall a while back when Scott said he felt that the SEEK share price was being manipulated? He then went on to say that he was investigating ways to correct this problem. Well, I really feel that he has also taken measures and advice from WS firms/investors that he's met with to take the bull by the horns and fight back against short manipulation (and for those familiar with the term "naked shorting") Naked shorting is when hedge funds create 100 or 1000 "phantom shares" for every share that they short a company. These shares are never covered unless a company is able to up list themselves to a new exchange. At the same time every day or other day Scott has been hammering out news to keep all prospective investors on the edge of their seats. I think he knows the strategy to catch these shorters and he's using all of the news to hold these shorters (and naked shorts) hostage until September. This guy was also a hedge fund manager in a prior career, so possibly he has also been exposed to the in's and out's of these tactics. As another poster mentioned, it is true, that shorters might be forced to cover billions of shares, if indeed they naked shorted SEEK.
GLTA
The writing is on the wall, shorts need to exit this mess they are in as casually as possible to not alert more strong buy signals. Which of course requires working in tandem and shorting more shares to cover at a lower cost average... Shorts also know that news updates can and will release at anytime now through September.
Locked down, let the real squeeze begin! No panic selling!
It's my understanding that all shorts are "forced" to cover when an up listing occurs to a new exchange. I know that is the case for a BB moving to NASDAQ or NYSE. It should apply on a move to BB as well. These types of coverings back in the late 90s and early 00s are what caused stocks trading $0.005 to $0.10 in eight to nine days of massive volume coverings. Then of course right back down to $0.009 but hey quite a ride.
Did thedirectory.com just add the following three under "Browse by Category"?
Listings (this was there prior)
Events?
Classifieds?
Deals?
TheDirectory.com prospects/customers call this #
They do answer.
Contact Us
13035 West Linebaugh Ave.
Suite 102
Tampa, FL 33626, USA
Toll Free: 1-866-304-FIND (3463)
Tel: 727-417-7807
Fax: 813-445-7288
Email: info@TheDirectory.com
Also, if you compare the relaunch of localphysicians and dentistappointments. The number of chiropractors, dentists, and podiatrists vary from that of thedirectory. I've sent an e-mail to SG, but I haven't received a response. We are certainly all in need of clarification on many fronts.
localphysicians.com
Chiropractors (24773)
Dentists (96583)
Podiatrists (13359)
thedirectory.com
Chiropractors (24861)
Dentists (5869)
Nutrition Services (3)
Optometrists (0)
Pediatricians (2)
Podiatrists (13646)
Primary Care Physicians (1)
Therapists (46)
I don't know why everyone is talking about sales, I just added 710,000 @ $0.0003 limit order triggered this morning.
Agreed!! You would think any experienced manipulator would at least give one positive comment for every four bashing comments. As long as they are here, I'm comfortable. It's when they all disappear the game is over because the paychecks will stop coming in from the hedge funds behind the scenes. Company files chapter 11 and the big players funding their operation have a tax free payday. Penny stocks are way more risky than most people are aware due to organized crime, market manipulation, naked short selling i.e. creating phantom shares, paid bashers, etc, etc...
Thank you sgoeller.
sgoler, can you please post the rest of your conversation with Scott Gallagher? We are nearing the end of June, and I'm hoping for news by Thursday/Friday of this week.
sgoler's notes from his prior call to Scott Gallagher:
I spoke to Scott Gallagher yesterday, and of all the people I have ever had an issue getting ahold of he is the most transparent. You either believe in him or you don't, it's really as simple as that, all of the other things fall in line with that opinion. I have spoken to him on at least 20 occasions over the past 1.5 yrs and I can tell a con when I speak to one. He has given me EVERY indication that what he is doing is not only legit, unlike many others I have invested in, but that they are making huge strides to really making some money. They have been offered buy outs on several pieces of their company and he as declined them. He has a specific dollar amount in his mind he is shooting for, he obviously wouldn't tell me what that amount is, but from his tone and everything else, and remember he use to run a hedgefund, his confidence, not arrogance imo, which is a huge difference, shows where this is going. If you want to come in and leave after a month that is your perogative, but I truly believe the ones that have accumulated here will be handsomly rewarded. [color=red]I can't post all of the details of the call on here because I am banned to only one post a day on this site, however, everything he said is in CC's in the past or in the interview.[/color] The people who are stating that financials are due the 15th are COMPLETELY misleading others. If you listen to the CC that is NEVER stated. He did however tell me that we shareholders would get a defintite update this month as to WHEN EXACTLY they would be released which includes the uplisting. I have also done some heavy research on my own and the evaluations for just the domain names ALONE are worth MORE THAN THE MARKET CAP on this whole stock, so there are a lot of things pointing in the right direction here. Hang on and enjoy the ride, or move on. But I can tell you that he has never given me ONE reason in the 20 or so phone calls I have had with him to doubt anything he is telling me, and TRUST ME, i have been TRYING to find something. Believe or don't, you will either be very wealthy or very dissapointed but I think the more DD you do the better direction you will know to go.
Sgoeller, can you please post the remainder of your call today?
Greetings sgoeller, was there anything else from your call last Friday that you could elaborate on?
sgoeller, I'm also an avid follower of your posts. I've held the same informational position as you for other companies that I've invested into. I really appreciate your time and efforts with all of the conversations that you've taken the time to relay on this board. I firmly believe this company has a future and I have backed that up by investing 25m shares over the past 6 months. GLTA
Yeah buddy,
Scooped 1,750,000 shares at 0.001
03/07/2012 0.0012 0.0001 9.09% -$0.00 50,000 $0.001 -$0.00 -0.00% $60.00
03/07/2012 0.0012 0.0001 9.09% $340.00 1,700,000 $0.001 $340.00 20.00% $2,040.00
Greetings all,
I've run some comparison scenarios to try and target my personal share count desired for a "RS" scenario. I wanted to throw this out there for comments.
My most recent evaluation of SEEK was just compared to YELP
. By assuming the following comparison scenario:
YELP: 59,870,000 shares
Recent 12 month revenues grossing $77,350,000
Share price of $24.58
SEEK: 2,250,000,000 (assuming 250m reduction)
reverse split of 50-1
=45,000,000 shares
Assume quartely revenues grossing $5,000,000 ($20,000,000 annual)
Target price of $8 to $11 (assuming similar overhead percentages)
(I have quite a few calculations behind this assessment)
I've been investing into SEEK rather heavily for the past 6 months. Although, I've been an avid reader more than a message poster over time, I'd like to thank those of you for sharing your due diligence and phone conversations with the CEO.
Brazil's Embraer eyes NATO buyers for Super Tucano
http://finance.yahoo.com/news/brazils-embraer-eyes-nato-buyers-135903759.html
Reuters – 1 hour 3 minutes agoShare0EmailPrintCompanies:EMBRAER -ON NMEmbraer SARELATED QUOTESSymbol Price Change
EMBR3.SA 11.73 -0.04
ERJ 26.37 -0.51
By Brad Haynes and Carolina Marcondes
SAO PAULO (Reuters) - Brazil's Embraer expects to sell its Super Tucano light attack aircraft to more NATO nations after clinching an order from the United States that lifted the company into the upper echelons of global defense contractors, a top executive told Reuters.
"When you're selling to the most demanding client on the planet ... that's a showcase," Luiz Carlos Aguiar, the head of Embraer's Defense and Security unit, said in an interview. "It naturally opens the door to the NATO countries, which have many joint operations."
Just weeks after winning its first U.S. government contract, Aguiar said Embraer is also eyeing at least three other projects for the U.S. armed forces, undeterred by the political firestorm surrounding an American rival's legal challenge.
Buoyed by the U.S. endorsement, Embraer's defense unit could make up a quarter of its revenue by 2020, Aguiar said, up from an estimated 14 percent last year and under 5 percent in 2006.
The unit promises steady growth with Brazil's armed forces as the country bolsters protection of its vast borders and far-flung offshore oil reserves, reducing Embraer's reliance on highly cyclical revenue from civil aviation.
But as Embraer's defense ambitions grow in foreign countries, it also faces more politically charged competition.
The U.S. Air Force halted the $355 million Super Tucano order last week due to a lawsuit from losing bidder Hawker-Beechcraft (:HKBCH.UL), of Kansas, stirring nationalist rhetoric from local lawmakers and Republican presidential candidate Newt Gingrich.
Aguiar dismissed the political risks, confident that a swift decision in courts will free up Embraer to deliver the Air Force's first Super Tucanos from a new Florida plant next year.
"Our team is totally ready. No one was deactivated," said Aguiar. "You just press the button and we go to work."
The order could grow to $950 million for 55 aircraft, which are designed for surveillance and counterinsurgency operations in rugged conditions like the Afghanistan border.
The U.S. contract is the first for the Super Tucano in the NATO alliance. An earlier generation of the plane, known as the Tucano, was used beginning in 1989 for pilot training in France and the United Kingdom.
RETURN TO ROOTS
Embraer's focus on defense is a return to its roots for the planemaker, which was founded in 1969 as a government-run supplier for the Brazilian Air Force. After it was privatized in 1994, the company reinvented itself as a commercial planemaker and eventually became the world's leading manufacturer of regional jets, competing with Canada's Bombardier (BBDb.TO).
In many ways, Embraer has also become the face of an emerging, more modern Brazil, long a commodities-based economy dependent on the country's vast natural resources and agricultural wealth, from iron ore and oil to sugar and coffee.
As Brazil's global ambitions grow with its economic rise, Embraer is pushing into new defense segments. The company has announced a string of acquisitions and new partnerships in the year since it established a separate defense and security unit.
Embraer is developing unmanned aircraft to patrol