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6 pts

Opinion on  Companhia de Saneamento Bsico do Estado de So PauloSABESP (SBS)     Sector: Utilities  >  Industry: Water Utilities
Thirsty for Brazil?

May 04, 2008 03:35 AM GMT
Return Risk
+4.90% HIGH
Sr. Analyst

I am placing a 0.5% of my model porfolio in SBS, a Brazilian water utility.  SBS may test support between 50 and 51, if so, I will double the position.

Brazilian equities have had quite a run up but although a pullback is likely, the upward trend for Brazilian stocks is likely to continue for several months.
EWZ tracks the Bovespa and is a fine way to play this uptrend.  I am also taking small positions in NETC (CABLE, VOIP), VIV (a cell phone service provider) and SBS (a water utility)


SBS:  This call was made on 05/04/08 @ $54.25
Rating:   Positive   $54.25 (05/04/08)
Gain/Loss:   -30.18% in 581 days
Target:   $60.00 (+10.60%) in Three months
Allocation:   1.5% of portfolio


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alphaexploits previously rated SBS
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