At this point I will be more interested in Gafisa over $33, rather than down here.
We are exiting Gafisa completely after holding since March 30th (when the stock was purchased under $10!), in various weightings; only a (less than) 0.1% position was remaining. We were stopped out of most of the position December 15th at $32.30s.
We've owned this name every year of the blog, and I expect to own it every year for the next decade. But for now hasta la vista...
As Ahnold says... we'll be back.
[Oct 21, 2009: IBD - Gafisa: What Housing Slump? Homebuilders Ride Brazilian's Resilient Economy]
[Sep 18, 2009: Brazil's Lula Has Good Chance to Build 1M Low Income Homes by 2011]
[Sep 15, 2009: Gafisa Denies Any Plans to Issue Shares in 2009, but Interested in Debt Offerings]
[Sep 2, 2009: Gafisa Downgraded on Potential Share Offering]
[Mar 30, 2009: Restarting Gafisa as Sam Zell Increases Stake]
[Oct 22, 2008: Sam Zell Increases Stake to Gafisa to 18.7%]
[Nov 19, 2007: Initiated a Position in Gafisa - Brazilian Homebuilder]
No position
