Petroleo Brasileiro is down 14% today due to the market being spooked about the labor strikes. There is a nine-day-old trucking strike going on right now that has investors spooked. Does the sell-off create a buying opportunity?
Here is a fundamental overview: Revenues have been falling, gross margin around 30%, and the ROE has been below 1 for some time. Plus the company needs a lot of capital expenditures to keep up with operations. This need could substantially cut into profits.
Personally, I will be staying on the sidelines for this one. What do you think?
Submitted June 01, 2018 at 12:42PM by sisumoney https://ift.tt/2socExF
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