Buy or sell Americanas shares?

In recent weeks, Americanas shares have fallen by more than 77%. Since the problematic announcement of accounting inconsistencies in the region of R$ 20 billion in its balance sheet, investors who own these shares or debt securities of the company are wondering what to do.

At the same time, there are those who look at the decline in the stock and wonder if it would not be a good time to buy the asset and invest. As much as in general, analysts do not decree the end – in fact – of Americanas, some sources told the Bloomberg agency, that despite the gap, financial institutions do not plan to accelerate the maturity of the debt as they could. But that is if the company receives an immediate capital increase.

An interesting point is that, like other companies in the retail sector, Americanas’ shares had already been impacted over the last two years due to the macroeconomic scenario of high interest rates and high inflation. Not to mention the competitiveness with other foreign players, which gained strength during the Covid-19 pandemic.

What we will see in this article:

What’s happening?

Last Thursday (26), in a clarification statement to B3 and the Securities Commission (CVM) about the strong fluctuations of its shares in the last trading sessions. Americanas (AMER3) reported that its shares are being the focus of speculation over which it cannot control.

These questions were asked about the ups and downs of the shares between the 12th and 25th of January, which was when after the disclosure of the financial debts, which culminated in the retailer’s request for judicial recovery on the 19th of the same month.

For example:

On January 12, the shares closed down 77.3%;
On January 19, the drop was 42.53%;
On the 20th, farewell to the Ibovespa, the shares fell 29%, falling below R$1;
On the 23rd, the assets went to 12.68%, and rose 17.50% the day before.

“The company clarifies that, since the disclosure of the material fact of the last January 11th and its request for judicial recovery, it has tried its best to keep the market duly informed”, he defended. The company added that there is no specific material fact that motivated all this fluctuation in the quotation.

It is worth mentioning that the volatility is not really a surprise, since analysts point out that the assets of companies undergoing judicial recovery tend to have extreme reactions on the Stock Exchange. The movement is still driven by the retailer’s “tug of war” with the banks in the midst of an intense legal battle.

What to do with Americanas shares?

The question you don’t want to shut up, right? Investment advisor and partner Renova Invest explained that at these times, caution and observation make a difference. For him, the case of Americanas is very pragmatic, even more so as the stock has almost turned to dust.

In a moment of judicial recovery, uncertainties and long-term restructuring, it is not ideal to make a decision. Lopes argues that any recommendation on the company is pure speculation, which applies both to the sale and purchase of shares. “You can’t recommend buying a company that practically looks like it’s had fraud on its balance sheets,” he said.

Everyone is waiting for a position and the next chapters to have a strategy, so be suspicious of miraculous advice, as if you could surf the wave and make quick money. Follow the news and keep an eye on the financial market, precisely to understand the company’s movement and whether it is possible for the same to happen to other companies.

That’s why situations like the one from Americanas show how diversifying your portfolio really pays off, that is, it’s not just any advice. Merging the portfolio, both in asset classes, as well as sectors and companies, helps to avoid gaps of this type. “The big secret is diversification”, concluded Lopes.