Braskem: Likely Waiting To Be Purchased
BAKBraskem(BAK) Seeking Alpha·2024-06-15 05:21
Joa_Souza Investment Thesis I recommend buying Braskem (NYSE:BAK) shares. Braskem's controlling company, Novonor, is in judicial recovery and has Braskem as its most valuable asset. Therefore, Novonor is looking for a buyer for its stake in Braskem. The most interesting thing is that Braskem is extremely cheap when we analyze its EV/EBITDA compared to its peers, and the company has already received numerous purchase proposals that place its valuation at double the current market cap. Introduction The pe ...