Today, I wanted to highlight a daily undervalued stock pick. Investors should look into shares of Petrobras, ticker symbol PBR.
Its shares are currently trading at less than $10 per share, which is the lowest it has been in a long time. With allegations of corruption and bribery, along with the slowdown of the Brazilian economy, this stock has been getting hammered day in and day out.
Long-term, this is a superb stock in my opinion. I view these events as short term and as a low point for PBR, as things cannot get much worse. While I believe that this underperformance may continue for awhile, I believe that for long term investors you cannot go wrong here and that shares of PBR are very undervalued.
Disclosure, I am long PBR.
Its shares are currently trading at less than $10 per share, which is the lowest it has been in a long time. With allegations of corruption and bribery, along with the slowdown of the Brazilian economy, this stock has been getting hammered day in and day out.
Long-term, this is a superb stock in my opinion. I view these events as short term and as a low point for PBR, as things cannot get much worse. While I believe that this underperformance may continue for awhile, I believe that for long term investors you cannot go wrong here and that shares of PBR are very undervalued.
Disclosure, I am long PBR.
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