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Companhia Energética de Minas Gerais (CIG)


NYSE - NYSE Delayed Price. Currency in USD
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2.33+0.08 (+3.56%)
At close: 4:02PM EDT
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  • The world is a beautiful book, but of little use to him who cannot read it. http://dataunion.tistory.com/7936

    Companhia Energetica Minas Ger NYSE $CIG Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.7 In other words, the correlation coefficient of the other stocks
    dataunion.tistory.com
  • happy I got out in the 3s. thinking of jumping back in. what's the sentiment these days?
  • Am I correct believing that the most recent $.0657 dividend payment was for preferred shares only, not the common or ADRs?
  • Sort of sad when the "top reaction" is spam.
  • CIG sells wind farm for 600M. This is the first sale earmarked to reduce debt. A positive sign, but the stock slips on the news ?
  • Q4/16 first quarterly loss in many many years. CIG will get crushed today !
  • Pounded down to $2.80 on heavier than normal volume. CIG could retest $2.00.
  • Thoughts on how this would impact share price?

    http://www.dailymail.co.uk/wires/reuters/article-4306230/Brazils-Cemig-seeks-partner-IPO-two-main-units-source.html

    Brazil's Cemig seeks partner, IPO for two main units -source
    By Guillermo Parra-BernalSAO PAULO, March 12 (Reuters) - Cia Energética de Minas Gerais SA plans to sell a majority stake in two units and list them in São...
    www.dailymail.co.uk
  • CIG is finally breaking out. Congratulations to all long time holders whose patience is now paying off. CIG is not only a boring great dividend utility, but currently has a book value per share of around $3.50, still higher than its current price. The market is usually forward thinking about six months. Hopefully, Brazil's economy will improve after years of depression, and CIG will be along for the ride.
  • Is it time to make a move on CIG? It certainly looks like it based on a eps estimate for next quarter of 0.07. Ive been struggling with this stock lately. Some of my other trades have been from awesomeSTO-CKS which are working out pretty well.
  • Start short term trading this jewel and you WILL make money . I have been doing it for about 8 months now .
  • Again, this stock sucks.
  • If CIG did not already have enough problems, there is now a serious outbreak of Yellow Fever in their service area.
  • Thanks for the tip, I did some research and found more information about $CIG on http://monstatrader.com/?s=CIG Trading stocks investing. Wayne's correlation: it is foolhardy to assume that jiggling x will not diddle y

    MonstaTrader: OTC, NYSE, NASDAQ Stock Alerts for all Traders
    Stock alerts, stock trading, making money, sharing knowledge and always looking for the next big money maker.
    monstatrader.com
  • Bunch of upgrades on my Ameritrade screen, but no movement?
  • What's with the big jump today ?
  • Dividend paid.
  • We now know why the governor of Minas Gerais wa willing to force out the top management of CIG. He needed the assets that the management wanted to sell to reduce debt to secure a $2,24 billion real loan to roll over debt coming due shortly. They have pledged major portions of their holdings to secure the loan. This is not the end of it. Another $3 billio real in debt is due in 2017. Moody's is taking a dim view of all this. They expect CIG to generate negative free cash flow until some time in 2018. The terms of the loan could hamstring CIG until 2021. Moody,s expects CIG to "upstream" the dividends in order to help serve the debt. With all this the stock today is trading at its highest price in the past month....go figure.
  • Cig - socialist third World run company. Big investment mutual funds and banks never buy stocks under $5. The dividend it pays and current share price make it fair gamble if you like stocks under five dollars.
    But be careful.
  • Pomp-
    Absent any further negative news I suspect that the stock will trade around its current level for the next 18 months. Negative news could cause the stock to retest its low range for 2016 of $1.40 to $1.45. My last purchases were at $1.60. I would buy more at that price.