BDORY - Banco Do Brasil: A Restructuring Story Trading At 8x Forward Earnings
A little less than year ago, we published a bullish article on Banco do Brasil (OTCPK:BDORY). Since then, the stock has had a good run. In addition, Banco do Brasil has recently upgraded its long-term guidance on key operating metrics. As such, we think it is important to provide an update on the company, especially given that Banco do Brasil remains one of the cheapest stocks in the global banking space.
Source: Bloomberg
A classic case of an orphan stock
At the time of the prior article, this was a contrarian call as