This company has good earnings, pays a good dividend, and is in what everyone says is a growth industry. It 's also splitting 3 for 1 which is usually a bullish sign. Why then is the stock price crashing. What part does the tarrif increase play in the decline? Your input is appreciated.
The left leaning government of Dilma Rouseff has told all utilities in Brasil to cut their rates. Last Wednesday the company in a conference call said that it would have to review its business plan if it would not get its requested rate increase to grow and make the necessary expenditures to serve more and more customers.
Why are they splitting 3:1 immediately after splitting 2:1?
Very strange and unusual decision making?
Brazil has been skimming more off their major corporations to fund the government since Lula was replaced as President.
The country needs to veer back to the right or investments will plummet even more.
Sure looks like they are going to take this down below a valid listing price. TNE was split up into 2 companies OIBR and OIBR-C and those appear to be also headed into oblivion. TNE was a $20 large cap stock before they splt it. SBS appears to be headed in the same direction only much faster.