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Produces aircraft for commercial, corporate and defense purposes. The Company has obtained, developed and enhanced its engineering and technological capabilities through its own development of products and joint product development with foreign companies.
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harrykobrak (91.95) Submitted: 8/25/06 6:04 PM : Start Price: $33.66 ERJ Score: -14.49
ERJ has continued to execute its strategy profitably despite the rapid rise of the Brazilian Real (which increases its cost base). Given the company's strong performance in what should be "tough times" there is plenty of upside as Embraer continues to dominate the growing market for Point-to-Point mid-size aircraft. The P/E of 19 looks cheap given the company's financial strength and dominant position in a very promising market.
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