Companhia De Saneamento Basico (NYSE:SBS)

CAPS Rating: 5 out of 5

The Company provides water and sewage services to 367 municipalities in the State of Sao Paulo either under concession contracts or under another form of legal arrangement. It also provides water services on a wholesale basis.

Recs

6
Player Avatar adlib5 (< 20) Submitted: 7/2/2007 2:38:29 PM : Underperform Start Price: $6.37 SBS Score: -101.69

I do own a Brazilian Company but one that is not so tied to Brazil Real. Emerging economy for 30 years with lots of resources, rampant corruption and crime and in order to benefit from all of the great contracts they have will require major infrastructure investment. The stock became active about March 2006 when since March 2006, the Company also authorized to provide these services in all national territory and abroad. They signed some contracts. BRZ is worth 50 cents, even with further degradation of the dollar that does not necessarily mean it will be devalued to the BRZ.

Nice Dividend (why).

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