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Companhia de Saneamento Basico do Estado de Sao Paulo Message Board

  • barrons_reader barrons_reader Oct 8, 2013 10:04 AM Flag

    Just a Couple of Short Sellers!

    Of course, stocks in Brazil have lost about 15% recently, largely related to currency conversion. But SBS has lost three times this amount. Even, one month ago, when the government of Brazil noted that changes in their laws should not adversely effect SBS's stock price, this had almost no effect on SBS's share price. Over the recent past, SBS has had a price/earnings ratio of twice its present value of 6. Once the short seller effect is removed, I believe that SBS will return to its former glory.

    Sentiment: Buy

7.26-0.10(-1.36%)May 27 4:02 PMEDT