Opinions
Darren Sissons
Companhia Energetica
CIG-N
WATCH
Sep 11, 2013
$8.420
Stock price when the opinion was issued
Utilities
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COMMENT
Dividend of 14.4%, which is a little worrying. At that height, they usually need to be cut. Also, there is a big disconnect on the macro side. Brazil is a commodity driven country so their commodities are down. Currency is off in the last year by about 7%. 30% down in the last 5 years. His preferred market is probably Chile but this country does have some good opportunities.
Utilities
Brazilian company that is effectively a Hydro One with a bit of BCE. Likes the company and it is on his watch list. The big concern to him is that Latin America is continuing to move downwards. Thinks they need some stability.