Scored more Gol (GOL)
I took advantage of the shares dipping below $30 to add to my position in Gol Linhas Aereas Inteligentes (GOL -- click to register for free RT streaming quote). Unfortunately, I'm a touch behind in updating the blog here so I actually bought GOL yesterday, February 7 at $29.75 -- I could have waited to buy until today and got it for about $29 if I were more patient or prescient.
Regardless of a few cents here or there, this is currently one of my favorite companies and one that I think has tremendous growth potential that is just beginning to gather the attention of the US investing cognoscenti.
I have posted on GOL many times -- my annual checkup was just a few weeks ago, and I have already added to my position once earlier this year back at $27.50, and I think I've written all I can about their great low-cost model and the extraordinary success they've already had in their brief history.
This was my largest purchases yet today, and my average cost per share is now up just over $28. I now have a full position on GOL, even a bit overweight, and have no intention of adding more unless there is a truly unwarranted selloff.
Not a lot of big news lately from Brazil, but the shares have been bumping up and down with the currency and what news there has been has been positive -- their monthly traffic numbers for January looked great as always, gradually increasing their international routes and still doing great with their core domestic operations.
And, they have introduced a new service -- may or may not come to much, but it is a nice way to leverage their infrastructure. They're now shipping small packages for people on their flights, and while I have no way of knowing whether that will appeal to Brazilian customers or what the competition is like I certainly like that it's a relatively low cost way of trying to expand their business -- and if there's one thing I trust this management to do, it's keep costs low while they experiment.
I was pleased to see GOL increase their guidance for 2006 a while back, but I still expect that the guidance they're giving is quite conservative -- looking forward to seeing what they say in their next conference call.
Regardless of a few cents here or there, this is currently one of my favorite companies and one that I think has tremendous growth potential that is just beginning to gather the attention of the US investing cognoscenti.
I have posted on GOL many times -- my annual checkup was just a few weeks ago, and I have already added to my position once earlier this year back at $27.50, and I think I've written all I can about their great low-cost model and the extraordinary success they've already had in their brief history.
This was my largest purchases yet today, and my average cost per share is now up just over $28. I now have a full position on GOL, even a bit overweight, and have no intention of adding more unless there is a truly unwarranted selloff.
Not a lot of big news lately from Brazil, but the shares have been bumping up and down with the currency and what news there has been has been positive -- their monthly traffic numbers for January looked great as always, gradually increasing their international routes and still doing great with their core domestic operations.
And, they have introduced a new service -- may or may not come to much, but it is a nice way to leverage their infrastructure. They're now shipping small packages for people on their flights, and while I have no way of knowing whether that will appeal to Brazilian customers or what the competition is like I certainly like that it's a relatively low cost way of trying to expand their business -- and if there's one thing I trust this management to do, it's keep costs low while they experiment.
I was pleased to see GOL increase their guidance for 2006 a while back, but I still expect that the guidance they're giving is quite conservative -- looking forward to seeing what they say in their next conference call.
This article posted by One Guy @ 2/07/2006 12:56:00 PM 1 comments
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