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Centrais Elétricas Brasileiras S.A. - Eletrobra Message Board

  • zoroaster85 zoroaster85 Nov 19, 2012 11:12 PM Flag

    It'll get worse before it gets better

    Barclays had it right with their downgrade of the stock today. Their new price target is 1 BR which is about $0.45 / share. The next few years are looking gloomy for Eletrobras. They are racking up debt, their profits are declining on top of being slashed, and after posting weak earnings it looks like the sell off is far from over. On the bright side the company is way too big to fail, and this sell off is mostly induced by the govt. so protection from failure seems to be guaranteed no matter how poor the company performs. I think we won't see a turning point for the stock until 2015 or 2016. I put a limit order for 10000 shares at $0.55/share. If the price reaches that point ill be a little weary of the company being unable to remain in compliance with NYSE regulations, but I don't think it will be under $1 for too long.

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EBR
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