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Centrais Elétricas Brasileiras S.A. - Eletrobras Message Board

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  • zoroaster85 zoroaster85 Nov 20, 2012 3:58 PM Flag

    I'll start to buy at $4.00 or less

    The company just posted a weaker than expected quarter, their rates will be cut by 30%, and they have $26B in debt. There is no good news visible on the horizon. Investing your money in the company now is like helping the government subsidize electricity for its citizens. At its current price imo I would call it a "Strong Sell", at $2 I say "Hold", at $1 I say "Strong Buy".

    Sentiment: Strong Sell

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