This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerging-Market ADRs: Winners and Losers

5. Gol Linhas Aereas Inteligentes (GOL), the largest low-cost airline in Latin America, provides services on routes connecting all Brazilian cities, to other Latin American cities, and select tourist destinations in the Caribbean. The company owns shares either directly or indirectly in five subsidiaries -- VRG Linhas Aereas and four offshore finance subsidiaries. The stock accumulated 5.9% last week.

Of the 12 analysts covering the stock, 67% rated it a buy while remaining suggest a hold. There are no sell ratings on the stock. A Bloomberg consensus expects the stock to gain an average 44.7% to $18.62 in the upcoming 12 months.

Last week, Gol's shares gained on speculation that it would be buying closely held rival Webjet Linhas Aereas. The company said in its filing that it is in talks with Webjet, without disclosing further details. With this deal, Gol will compete with rival TAM, which will be acquired by Chilean airline LAN. An industry analyst believes that, with this acquisition, Gol would gain market share and extinguish competition.

Gol and WEbJet have signed a memorandum of understanding to allow GoI to buy 100% of WebJet capital stock for $61 million. The acquisition will boost Gol's market share to 41% from the current 36%. WebJet serves 16 domestic locations with 1,000 flights per week.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
LDK $0.00 0.00%
CBD $33.35 0.00%
IBN $10.16 0.00%
JASO $10.15 0.00%
TSL $12.58 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs