Friday, December 03, 2010
Today, I bought Net Servicos De Communicacao (NETC) at $13.628. This is Brazil's largest pay-TV provider and a large player in their phone and internet access and services.
I feel like this stock is both a growth and value play. It gives my portfolio access to Brazil's growing middle class, and Forbes columnist (and portfolio manager) Ken Fisher feels that the stock is cheap at $13.
I wrote a more detailed analysis of NETC on the Stock Trading Riches Discussion Board.
I had narrowed my choice down to NETC or RPM International (RPM). RPM is a value and dividend play. At $20, Ken Fisher considers the stock cheap and it has a 4% dividend yield. RPM makes industrial and consumer paints, adhesives, etc.
I ultimately decided on NETC because my portfolio could use more exposure to Brazil, and I have several stocks that are already similar to RPM: Cummins (CMI) and Illinois Tool Works (ITW).
I also discussed this stock in a bit more detail on the stock trading riches board.