Thanks for the article. Any insights on Grupo Mateus or Sendas Distribuidora.
I make it that Sendas could be at 3.5x on a P/FCF basis for FY25 with its stock hitting new lows. Obviously they have a lot of debt that they need to manage plus Brazil is a cheap market right now (https://live-pzena.pantheonsite.io/brazilian-equities-opportunities/) but wondered if you had knowledge of any particular company specific issues that are driving the stock price?
With Grupo Mateus, I don't know as much about the company. How are they managing to grow so fast? How do they compare to Sendas in terms of quality of the company? Are they the one to watch?
Thank you so much. This seems to be a very convincing idea, downside seems very limited and upside very serious. So my question would be... what's keeping others from looking at it? Why isn't anybody going crazy about this BN/BAM style? Any thoughts? Warm regards from Madrid :)
Thanks for the article. Any insights on Grupo Mateus or Sendas Distribuidora.
I make it that Sendas could be at 3.5x on a P/FCF basis for FY25 with its stock hitting new lows. Obviously they have a lot of debt that they need to manage plus Brazil is a cheap market right now (https://live-pzena.pantheonsite.io/brazilian-equities-opportunities/) but wondered if you had knowledge of any particular company specific issues that are driving the stock price?
With Grupo Mateus, I don't know as much about the company. How are they managing to grow so fast? How do they compare to Sendas in terms of quality of the company? Are they the one to watch?
Thank you so much. This seems to be a very convincing idea, downside seems very limited and upside very serious. So my question would be... what's keeping others from looking at it? Why isn't anybody going crazy about this BN/BAM style? Any thoughts? Warm regards from Madrid :)