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TMFMmbop (34.36)

The Big Visa Brazil IPO

Recs

3

June 22, 2009 – Comments (0)

Yes, it's going to be big. I love this space (Brazilian consumer credit), but boy is it expensive to play. Redecard -- a dream stock that's been on my watch list since its 2007 IPO -- continues to trade for 10x sales and 15x EBITDA. Pricey.

But put both of these on your watch list. The market will inevitably sour on Brazil at some point.

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