As the world gets ready for World Cup 2014, both the Brazilian Real and Brazilian companies are starting to get the market's attention. Gafisa SA, for one, is a name that might do quite well should a broader Brazilian themed rally occur. Gafisa itself is a Brazilian housing company that got torn apart through the 2008 housing crisis. Interestingly, while many American housing names have come back this housing stock has not. Their long term debt is of concern, but even given that, the company is trading at very interesting fundamental valuations. Technically, even a rather normal 38.2 percent retracement of the slide since 2011 would represent more than a three fold increase from WDB's cash cost.
Inserting write up on the company: http://finance.yahoo.com/news/under-3-brazilian-turnaround-play-075207867.html
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