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$10.22 -1.80 (-14.98%)
10/15/2008 4:05 PM

Companhia Paranaense de Energia (ADR) (ELP)

CAPS Rating:
*****

The Company is engaged, through its subsidiaries, in the research, study, planning, building, and exploitation, production, transformation, transportation, distribution, and sale of energy, in any of its forms, in particular electric energy.

View All Commentary (ELP)

Recs

5

Avatar TMFSinchiruna (< 20) Submitted: 1/02/08 6:27 PM : Outperform Start Price: $14.15 ELP Score: 10.82

This is one of two energy plays I own that focus on Brazil. Brazil is poised to withstand an American recession quite well, in part due to its energy independence. This company is cheap once again, after having yielded nice returns last Fall. I predict this one will be over $20 by the summer... not a huge gainer, but a solid defensive play for a recession in my opinion.

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