Despite BRF’s record margins, price data from Brazil suggests a cycle reversal (BRFS)

Long-only investments that evaluate companies from an operational buy-and-hold perspective. Quipus Capital does not focus on market-driven dynamics and future price movements. Instead, we focus our articles on operational aspects, understanding the long-term profitability of companies, the competitive dynamics of the industries they participate in, and buying companies that we want to hold regardless of future price trends. Most QC calls are put on hold, and that’s by design. Only a very small portion of companies should be a buy at any given time. However, “Hold” articles provide important information for future investors and a healthy dose of skepticism about a relatively bullish market. Disclaimer: All articles by the author are written “as is” and without warranty. They reflect solely the opinions of the author and do not constitute professional investment advice. It is the reader’s responsibility to conduct due diligence and seek investment advice from a licensed professional before making any investment decisions. The author disclaims all liability for any actions taken based on the information contained in the published articles.