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Petrobras (PBR), the national earl company of Brasilia, has been ripping since I picked it in my “Samurai Seven” stock picks for 2012. As of this writing, it’s up 17.5% from the beginning of the year. My other earl pick, Conoco Earl (COP), is down a commensurate 2.5%.
Odd, no?
Not really if you think about the fact that this is an election year and that liquidity will be amply provided for by the Lord Of the Printing Press, Benjamin “Cocaine Teeth” Bernake. Earl is always a good investment when the dollar is being devalued, and what better way to really hedge against a dollar dump than buying an earl company that gets paid in a different currency than the U.S. greenback?
Listen, I remember when Pemex (Mexico Earl) was the big bid back in the eighties and nineties. Who doesn’t want to own a monopoly before it loses it’s pricing power? That’s where PBR is right now, riding the crest of the great Brasilian growth wave.
Until it crashes, I’ll be there. And $32 looks like a good short target here.
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I hate Pabst; the beer and the company.
But especially the beer.
Me too.
Are they Milwaukee based?
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Btw — did the youtube clip from Blue Velvet make it up there?
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Jake! Hope you are well sir.. No youtube clip on my end, though I can see the blank spot where it would be.
Check it now… anything?
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Sorry for the delay, yes! Classic, all good sir.
I think they are. God, with the mark exception of Spotted Cow, there is no beer out of Wisconsin worth putting to your lips.
JG –
Elmore Leonard has a new book out called ‘Raylan’. I know you know the show ‘Justified’ is based on one of his short stories.
You see it last night? Off to a good start.
Yes, article in last Friday’s WSJ about Elmore writing Raylan… he said so the scriptwriters could mine it for show ideas cause he felt bad about getting a check for doing basically no writing.
Love me some Elmore. One of our greatest living writers, no shit.
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I concur. Fugger is 80 something and still kicking out the good stuff.
Senator — AVL – a little longer term view. A buddy in Japan tells me that every Japanese Co. using rare earths is developing tech that eliminates the need for them. Apparently it is very high priority as the Nihon Co’s won’t be held to ransom by the Chinese.
At the same time, the fine folks at APC are looking to divest their Brazil properties.
Odd, no?