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)
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)
We are keeping our Buy recommendation on Companhia de Saneamento Basico do Estado de São Paulo, or SABESP (SBS). The company posted solid results for the fourth quarter of 2007, in spite of the non-recurrent items that affected net income. The short-term outlook remains positive thanks to the endof the dry season in the State of Sao Paulo, the better rains in Southern Brazil in February 2008 and the September 2007 tariff adjustment. Additionally, the stock still trades at an attractive valuation and t business environment is Brazil remains quite encouraging. Companhia de Saneamento Ba...
The company provides water and sewage services to the city of Sao Paulo.Defensive sector,situated in Brazil.Buy.Only negative as far as I can see is that Cramer has recommended it which is a bit worrying.My thought process generally is short the stock once Cramer has recommended it but in this case the valuations,the business is compelling.
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SBS
About Companhia de Saneamento Bsico do Estado de So PauloSABESP
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