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.
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My only concern is that I'm having trouble finding the quarterly report to it's company. It has little debt, reasonable earnings, it gets its income in Brazilian reals and it is trading ridiculously below it's book value. Brazilian sanitation and water delivery will definitely have to improve so the growth prospects are quite good. If I had the money I'd buy the whole company.
How would one recognize their version of the 10Q?