Monday, 17 January 2011

Tele Norte Leste, a simple way to invest in Brazil

At the current price of USD 16.01, Tele Norte Leste (NYSE:TNE) represents an interesting way of participating in the growth of the Brazilian economy. The yield is around 10% and the price /earnings ratio around 10, although it is unclear if the company will be able to sustain its current level of profitability.

This type of investment entails higher risk than buying shares of a multi-national company with different operating divisions spread across the five continents, but in any case, the shares of Tele Norte Lest seem attractive at the present price.


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