$BDORY banco de brasil $BBAS3.sa

you can buy this on the US OTC under the ticker BDORY

it is the bank of brazil.

trades slightly under book value which is inexpensive for a huge bank with an ROE of 17-20 pct for over a decade

bottomed at this price 3x over the last 2 years

in theory low risk easy 30-40% return at this point

central bank interest rates are at 10.5% and inflation is at 6.5 pct and falling, this should support the currency.

when you subtract the market caps of its publically trading subsidiary components, you get a negative value for the banco de brasil, which gives 64% of the operating profit

so you could go long banco de brasil and short its subs, but you should just go long.

anyway, the yield is juicy, but doesn't show up on google finance. here's a link.

http://dividata.com/stock/BDORY/dividend

http://www.bb.com.br/portalbb/page3,136,3480,0,0,2,8.bb?codigoMenu=1305&codigoNoticia=3249&codigoRet=3294&bread=5