BRASKEM, BRADESCO, BB E AUREN: VALE A PENA INVESTIR? | PREGUINHO AGF

Welcome to another AGF Nail. The questions you ask us in our question boxes, right, @fábibaroni @sgarante, which we take and answer for you here, okay? So, send your question and we will answer it. Dr. Jaime Dolabela says : "Hey, Fábio, why invest in Banco Bradesco ON, right, if the long-term profitability is low, 83%in 10 years." Dr. Jaime, thanks for the question here . Actually, I have never personally invested in Bradesco, right, in Bradesco ONs, but I've seen the stock get hammered, let's say, due to the credit crisis the bank went through, where profitability, ROE reached, if I'm not mistaken, 7%. But I saw that the bank started to deliver the results it promised, right? Today, ROE is around 15, 16%, and I think it could be a good moment depending on the price you paid for the company when entering. So everything is based on the price you are buying at, right? I think at the price I paid, I felt comfortable buying Bradesco. Obviously, it's a company that I believe will deliver much better results than those delivered in the past. That said, I think for me, in my portfolio, at my moment, it made sense to buy. Now, it always depends on your investment moment. And there are many people who don't see Bradesco as, let's say, a company suitable to be placed in a pension portfolio. In my case, I saw it at some point, I think it made sense , and I think it got in because of that . I believe they will continue delivering results, and they are already delivering, right? This remains to be seen if it will be reflected in the price or not in the very long term. I believe it will. Okay then. Renata Soares BR. I'm building a position in Banco do Brasil Seguridade, but Banco do Brasil is tempting below R $ 18. Am I wrong? Look, Renata, I believe you are not wrong at all. Banco do Brasil below R $ 18, I consider it a good price to invest in. But there is a small caveat here. Banco do Brasil is not paying good dividends in the short, very short, medium term, right? And it won't pay, it doesn't have, let's say, good prospects for the short to medium term. Unlike BB Seguridade. It is a company that ends up benefiting from a high SELIC rate, for example, precisely due to its cash holdings. So, the insurer takes it, sells the contract, takes that money, and puts it in cash; this cash earns the Selic rate, which is currently at quite aggressive levels , and because of that, it has a very good financial result, better than what banks are having, specifically Banco do Brasil, which you mentioned here. So I believe the price of Banco do Brasil is obviously good because it is going through a very acute crisis. Does it mean it's at a low price and won't go any lower? No. It could be that the stock goes to 15, goes to 10, we have no idea. Does it also mean that you should buy everything without looking at tomorrow? No, not that either. Now, Banco do Brasil, BB Seguridade, it already has a slightly more consistent result. So, if you want to look a little more at dividends, BB Seguridade may make more sense in the short to medium term than Banco do Brasil, even though Banco do Brasil obviously owns a large stake in BB Seguridade. Once you buy Banco do Brasil, you also buy BB Seguridade, since it holds a majority stake in the company. Remembering that Banco do Brasil is a large conglomerate , right? The results, I'd say they aren't that bad at Banco do Brasil because of the companies that Banco do Brasil owns, which still guarantee a certain result for the bank, even though it is experiencing this turbulence, okay? But as a rule, I think you're not wrong in considering a price below R $ 18 a good entry price for Banco do Brasil to build a nice retirement portfolio. That is, if you have studied the company, if you are comfortable with the dividends in the short to medium term, and if you obviously believe in a turnaround for the bank and understand our strategy, okay? Samara Busnela says: "I have shares in Braskem, should I wait to sell?" Thank you for the question. Look , Braskem, I think it's a company that many people ended up entering precisely because it fell a lot, right? And this is a mistake, in my view, one of the most serious for investors, especially investors who are starting in the capital markets. When I say they are starting, imagine investors with 1 to 5 years in the capital markets executing our strategy, right? precisely because Braskem has never paid such good dividends that you would think about putting it into a retirement portfolio. So you probably just got into Braskem suddenly and saw that it dropped, right ? I think you can act in two ways here, right? The first is to sell and move to more predictable and resilient companies regarding dividends. And the second is to torture yourself. That is exactly what I said. When I did this once to speculate, a long time ago, if I'm not mistaken, in 2009, with a company in the steel sector, I ended up holding my shares. I even taped it to a board to remember to never speculate with a stock again. That served as a great lesson for me. Since the stock market is much more about a long journey of over 1000 km, let's say, than a short sprint, I think this type of attitude is worth it. Now, what should gauge this decision of yours, let's say, is your stomach. If you can't handle this, perhaps it would be interesting for you to indeed switch to other dividend-paying companies following the strategy. It seems to me that your purchase of Braskem shares was not a decision where you were following a strategy, but rather to speculate. So, there is the possible critique, a well-intentioned critique, obviously. Alright. Fábio Campeão, nice name, huh? Comment on Auren. Auren is a very good company, with very good projects in the short, medium term, or rather, in the medium to long term, right? That need to get off the drawing board, these projects need to get off the board, let's say, in a way where there is better profitability for the company, where it can generate even greater cash flow, where it can pay good dividends to its shareholders, right? The two controlling shareholders are Votorantim and a Canadian pension fund, which really like dividends, but have not yet managed to make Auren, let's say, distribute healthy dividends to its shareholders. I think that this dividend will happen at some point, okay? I have good prospects for Auren, I'm not buying at the moment, but I believe the company will generate good results at some point. Now, in the short to medium term, you cannot expect such good dividends from Auren as you might expect from another company in another sector, for example, or even in the same energy sectors, for example, that are already more, let's say, consolidated, with projects already generating results, okay? So I think, in summary, it's a good company for the very long term, but for those who like dividends, I don't think it's the ideal moment, okay? Well, that was another AGF nugget. If you liked it, leave your like. If you didn't like it, leave your like anyway. Share this video with whoever you want to help our work reach more people, so we can bring more financial education to Brazil, which really needs it. And send your questions to @ofabibaroni or @acoes and we'll come back here to answer them for you, okay? Thanks, cheers, see you next time.