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Companhia de Saneamento Basico do Estado de Sao Paulo Message Board

  • barrons_reader barrons_reader Sep 3, 2013 10:20 AM Flag

    Looks Like A Repeat of 2008!

    The fall in share price of SBS is quite similar to the days of 2008 when SBS lost 58% of its share value. At that time, we were seeing a world fall of about 50% in the prices of just about any basket of stocks. Today, the situation is much more related to the economy of Brazil which has been more severely hit than just about any country in the world. Go back and look at how wonderfully SBS performed after the price fall of 2008. It is my personal naïve opinion that we shall see SBS soon begin the long, upward move back to where it was just a few months ago. Brazil has too great an overall economy to envision it not recovering in the next 1-2 years.

    Sentiment: Buy

4.57+0.12(+2.70%)Oct 8 4:05 PMEDT