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$6.44 -1.62 (-20.10%)
12/1/2008 4:05 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.

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Recs

1

Avatar TMFCop (< 20) Submitted: 8/26/08 3:01 PM : Outperform Start Price: $27.01 GFA Score: -40.93

Demographic trends, government regulation, and a stable economy point to Brazil's housing market continuing it's upward movement. Gafisa, as the second largest real estate developer there, is position to capitalize nicely from these changes.

Shares have been hampered a bit recently as the central bank has risen rates by a percent or so, but that's viewed as a temporary condition. View the pullback in shares over the past few months as an opportunity to buy into a growth stock cheaply.

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