There is one Brazil stock that reports, I thought was supposed to be today but I guess it's 11/14... ERJ Embraer $10.25 It looks solid, and it hasn't followed the overall Brazilian market... using EWZ. $19B in back orders. Not a cheap stock at 9X EV/EBITDA and 10X cashflow, 20 PE forward, but I like the $19B in back orders. Option action is very bearish however. Lots of January $10 puts sold yesterday at the ask.
I like this company Van! I have owned them before, I think 2013- damn if they didn't crash a plane right after! These guy do have a few go down now and then... Timing Is Everything!
I actually had KOLD, which is an inverse ultra etf, ie being long KOLD moves 2X up when Natty goes down. But I closed it Weds. $16.60 to $18.50
Yeah I was looking at it for an earnings play yesterday, I could have swore they were supposed to report this AM, but I didn't do it, that put action scared me off a bit. Well, we have till Monday AM i guess. See what you think. I haven't looked at today's option activity yet. Seems like a strong dollar would be good for them, ie more jet for less money for these private charter operations based in the US.
TOAST MAY OF BEEN A SHORT AT $21.35 VAN- I JUST DON'T LIKE TO EVER DO THAT TO A COMPANY THAT HAD GOOD EARN.