Use access key #2 to skip to page content.
$11.38 -2.16 (-15.95%)
10/10/2008 4:04 PM

Gafisa S.A. (ADR) (GFA)

CAPS Rating:
***

A professionally-managed homebuilder. Its core business is the development of high-quality residential buildings in attractive locations and is also engaged in the development of land subdivisions and provides construction services to third parties.

View All Commentary (GFA)

Recs

3

Avatar tystrains (< 20) Submitted: 12/20/07 2:45 PM : Outperform Start Price: $33.58 GFA Score: -26.50

Major player in residential real estate (houses, condos, etc.) in Brazil. Mortgage market for middle class is new development in Brazil supporting strong growth. ADRs new to market this year. Sam Zell was early investor. He sold some at a huge gain in FEB 07 but still owns 14%. (No, I don't think they have a subprime market in Brazil.)

Report this Post Replies: 0 | Reply

Featured Broker Partners