Jan
29
Traders Confounded by 180% Surge in Brazil’s Homebuilders
By-
PDG, Rossi said they’d restructure debt amid recession
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Slumping demand for new homes may deepen industry’s woes
The breathtaking surge in Brazil’s troubled homebuilders has traders scratching their heads.
Shares of PDG Realty SA and Rossi Residencial SA — which last year announced plans to restructure debt in the midst of a recession that has throttled demand for new homes — have each jumped at least 180 percent since Jan. 1. That compares with a gain of just over 8.2 percent for the benchmark regional stock gauge…
Traders Confounded by 180% Surge in Brazil’s Homebuilders
