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Companhia de Saneamento Basico do Estado de Sao Paulo Message Board

  • barrons_reader barrons_reader Nov 11, 2013 9:02 AM Flag

    An Explanation Please!

    I have owned SBS for several years and am still ahead on my investment. But, I honestly know very little about why SBS's price keeps falling, now with a P/E of 7. Could someone familiar with Brazillian economics please provide a reasonable explanation. Thanks.

    Sentiment: Buy

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    • I thought this was firming up with increased volume. However it may stay here for a while between 10-12 and perhaps move up at the end of the year. It is too discounted and I think it has to do with the utility sector and being in Brazil and rates not in effect yet. Watch for Brazil Olympics and the stock price at that time. As per Brazillian economy and falling prices I do not know. Someone can explain.

 
SBS
5.28+0.16(+3.13%)9:50 AMEDT