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Centrais Elétricas Brasileiras S.A. - Eletrobras Message Board

  • zoroaster85 zoroaster85 Nov 28, 2012 8:04 PM Flag

    Worse than I thought

    This is bad...real bad. Pretty soon the only shareholder of the company will be the Brazilian govt. No matter what news will come out of the December 3rd meeting it wont be good for Eletrobras, and many analysts know the company will suspend their dividend indefinitely. With this type of negative news visible on the horizon I wouldn't touch this stock with a 10 foot pole. Prepare to see high volume and volatility for the stock late next week.

    Sentiment: Strong Sell

7.07+0.12(+1.73%)Oct 21 4:05 PMEDT