From Cabot Wealth Advisory 3/29/08 Sign up for free Cabot Wealth Advisory e-newsletter
Gafisa (GFA), a Brazilian homebuilder that’s taking advantage of a still-strong economy, more lenient mortgage terms and pent-up demand for dwellings (especially lower-end homes) to post extremely fast growth.
In fact, Gafisa is really one of the only “new” stocks that’s posting rapid sales (up 88% in the last quarter) and earnings (up 400%) growth.
Thus, if this market gets going, I’m thinking GFA has a chance to put on a very good show. A big breakout above 43 would be highly bullish.
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