Q: ABEV (ADR)
Happy Holiday's.
I had been following Ambev for the past year and it traded in the high $30-$40 range and paid a dividend. In November 2013 it disappeared off my watch lists and I assumed it had not been trading anymore and could not find any info about what happened to it. I noticed that it has recently started trading again under the new symbol ABEV and it is in $7 range and I think no dividend. I can't find any real info about it. It is still near it's 52 week low. Do you have any insight on what happened or financial info? Would you rate it as a buy? High/med/low risk? Brazil has world cup this spring and Olympic's 2016. Thank you,
Kerri
Happy Holiday's.
I had been following Ambev for the past year and it traded in the high $30-$40 range and paid a dividend. In November 2013 it disappeared off my watch lists and I assumed it had not been trading anymore and could not find any info about what happened to it. I noticed that it has recently started trading again under the new symbol ABEV and it is in $7 range and I think no dividend. I can't find any real info about it. It is still near it's 52 week low. Do you have any insight on what happened or financial info? Would you rate it as a buy? High/med/low risk? Brazil has world cup this spring and Olympic's 2016. Thank you,
Kerri