Paul Thornton Gafisa SA GFA-N TOP PICK Nov 13, 2009

Premier homebuilder in Brazil. Very high growth. Earnings were up roughly 350% in the last quarter. An emerging market play. Very high growth.

Paul Thornton

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$33.750

Stock price when the opinion was issued

Developers (Real Estate)

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(A Top Pick Nov 13/09. Down 23%.) South American homebuilder. Emerging market stocks have really dropped off from that time. Avoid this one for now.

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Paul Thornton Gafisa SA GFA-N TOP PICK Nov 13, 2009

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