Petrobras (PBR) How to Make a Fortune on Forgotten Oil

You’re probably familiar with Warren Buffett’s famous line about buying when the market is fearful and selling when investors become greedy.
Well, given the recent performance of Brazilian energy giant, Petrobras (PBR), investors are pretty fearful!
Shares have dropped to their lowest level in a decade, and are now trading at a whopping 40% discount to the company’s book value. Suffice it to say, that makes it one of the cheapest stocks on the planet.
With a markdown like that, you’d think most investors would be all over it faster than a Black Friday sale.  (more)

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