Companhia Brasileira de Distribuicao (CBD) News

It appears most of the value was attached to EXTO which has been spun off

Anyone want to explain it being down 73%

As I was saying. Is this the beginning?

https://www.rt.com/russia/581826-west-not-welcome-brics/

Latin America ADRs will be halved when they dump the dollar. Look what Deutsch is telling their clients about Russian DRs.

lolol........dont ask me, i'm retired and very old!

I didn't bet the farm, only a couple of goats and chickens so I'm gonna see how this turns out.

There's gotta be a bounce.............. RIGHT ???

yeah..........who knows what the hell this is worth.......i'm out.....took the minor hit......pfffft

Ahhh, I see it now - seems like they took 3/4 of the value with them.

Ernie.........ASAI is trading on ameritrade

There is no US symbol. Assai is the name of the wholesale market.

ASAI is the spinoff symbol

Supposedly they have spun off the wholesale division, I guess like a brazilian Walmart.

Assaí Atacadista

OK, I'm in at 4.04...hey what the hell, its only currency!

Any Idea whats going on here?..........filings or news dont tell us anything

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva. The Company's segments include Retail, and Cash and carry segment. The Company's Retail segment includes the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado, Minimercado Extra, Posto Extra, Drogaria Extra and GPA Malls & Properties. Its Cash & Carry segment includes the brand Assai. The Company is engaged in operations of retail stores located in approximately 20 states and the Federal District of Brazil.

2019 Annual revenue $13.5 Bil USD

Okay, I just jumped off the cliff and bought the 76% crash here.

Nowwwww it's time to see what kind of lotto I now have.

CBD info http://www.gpari.com.br/

https://finance.yahoo.com/quote/CBD/profile?p=CBD