BOBS at interesting buy point
Brazil Fast Food (BOBS) in a stock I’ve followed with interest for awhile. I don’t have much time today, but you can get a feel for the story with this, this, or this article, and go from there for DD. Suffice to say it is fast growing Brazilian restaurant company in a nation of burgeoning consumers. But I don’t write posts to talk about fundamentals, I post about charts, and BOBS has fallen to a strong trendline support that has been in place for 3 years.
If one is interested in small-cap growth exposure to the Brazilian economy, this wouldn’t be the worst place to look.
**UPDATE: Up 14% off that support… though it’s so thinly traded, I’m not sure it will stick.