Zacks Analyst Interview Highlights: AmBev, Embotelladora

Andina, Net Servicos, Copel and Telemar 
CHICAGO--(BUSINESS WIRE)-- releases the latest Analyst Interview. Today's interview
is with senior analyst Claudio Freitas, who discusses AmBev (NYSE:
ABV), Embotelladora Andina (NYSE: AKO.A), Net Servicos (Nasdaq: NETC),
Copel (NYSE: ELP) and Telemar (NYSE: TNE). 
¶   A synopsis of today's Analyst Interview is presented below. The
full article can be read at 
¶   For investors looking to increase their holdings in Latin America,
where do you believe the least-volatile areas might be? 
¶   I believe that companies focused in the local consumer market can
outperform. In countries like Argentina and Chile, economic growth
remains high and the outlook is still positive. In Brazil, I remain
encouraged by the declining interest rates coupled with well-behaved
inflation. I believe there is room for continued interest rate cuts in
Brazil for the rest of 2006 and at least for the first half of 2007.
In this sense, I guess that utilities and consumer products would make
interesting investments, including electric utilities, the beverage
industry and telecom companies. 
¶   Would now be a good strategic time to buy into the Latin market,
or would later be better? 
¶   I guess that the right moment to buy might be closer to the end of
the year, when there will be a more clear picture of the economic
conditions in the U.S. and the effect on commodities prices. However,
it is impossible not to note that there are some Latin stocks trading
with very attractive valuations. Some investors with higher risk
tolerance could consider this a good moment to start buying some
undervalued stocks. 
¶   Which stocks do you consider highly attractive at this time? 
¶   I believe that the beverage sector remains interesting. I like
AmBev (NYSE: ABV) in Brazil and Embotelladora Andina (NYSE: AKO.A) in
Chile. Net Servicos (Nasdaq: NETC), the Brazilian cable television
operator, is also an interesting growth case that deserves attention.
Regarding utilities, I believe Copel (NYSE: ELP) and Telemar (NYSE:
TNE) in Brazil are undervalued and should benefit from a combination
of increasing demand and lower interest rates. 
¶   Read the full interview at 
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