Q: The corruption scandal that is hitting Brazil's Petrobras, a number of high ranking government officials and several CEO's of oïl service companies has sent the country's economy into tailspin. It wouldn't be an exageration to say that there's blood in the streets of Brazil right now, which means that many otherwise profitable companies are selling at a deep discount. Companhia Brasileira de Distribuicao seems to be one of them. Based on what your Bloomberg terminal says about the company, would this be a good time to buy CBD or would you prefer to wait until the dust settles?
Robert
Robert