Well, as everyone knows this stock has been hit in the last few days because some commentaries from a blogger with some shaddy or dubious intentions with this stock...actually he says that he have some shorts positions in the stock, so its obvious that he made this to make some profits and scare some investors... [more]
Target price for Bancolombia (CIB) at 24.000 pesos. [more]
We will begin a series of simple comparisons of multiples at the companies that we believe are highly overvalued in the colombian market, not to say the colombian bubble.
Ecopetrol (EC) will be the first to analyze because it is the most important and although a valuation should include much more material, this is just a simple exercise to compare Ecopetrol with the world's major oil and get an idea of the premium paid for this title, which I think makes no sense.
Let's look at three indicators even if they do not tell the whole history, they are the most important and used worldwide and give us a view of stock market price of a title compared with their profits and assets. In the table we have the PE or RPG thar compares the earnings per share associated with price. The P / BV, Tobin's Q or price to book, that relate the price with the equity of the company and finally the Yield, annual dividend yield compared with the price. [more]
At this moment de SYP is at 1100 points and the dow at 10.400. That levels are big technicals resistances so there is a high chance that the market make a correction to 1075 levels.
Open shorts positions at SSO at 36.8