I recently made my first purchase for the year, buying a core position in Brazilian holdco Companhia Brasileira de Distribuição (CBD:NYSE). I believe it has merely been caught up in the general market/SIVB sell-off and the price being offered is too good to pass up.
Thanks for the interesting pitch. What's your thoughts on currency risk USD to BRL reg the NYC Listing?
Very interesting situation. I've only just come across your substack, great write-ups, keep up the good work.
Hi Jon, thanks, appreciate the kind words!