I see that there is some sort of gov't re-org that is in line for the company. But the stock is going up? I am a long term Bull for the company, (and am way up after doubling down during the drought), although I recently pared back my holdings way back and then sold some puts at 10
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I think SBS might have reached its upward limit and that a pullback may be possible. if you guys have questions you should ask awe.some.stock.s. They often respond to my emails which is helpful.
I've searched repeatedly for any news implicating SBS in the political corruption scandal. I think this sell-off is way overdone and bought shares to replenish oll of the shares lost through covered calls over the past year. Looks like a double bottom is forming. Earnings were good and debt is being refinanced in local currency, so dependence on dollar exchange is being reduced.
There appears to have been a change in the way the volume of water stored in the Cantiera reservoir is calculated. In the last week it went from being 95% full to only 65% full. From what I can tell they are now dividing the number of gallons in storage by the entire reservoir capacity rather than the useful capacity (the volume of available storage above the the intake). Anyone have a better understanding of Portuguese that cares to comment?
5% decline today. Is there some news I'm missing?
typically goes ex-div in early April.
um....earnings were huge!!! see you above $12.00 tomorrow!!
Any idea why the big drop today? currency? PBR is only down ~1.5% though.
The SBS ADR is down from $10.48 to $7.80 (25%) in three days. Earnings were good. Is this all due to Trump phobia?
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