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.
Companhia Energetica is a American stock, trading under the symbol CIG-N on the New York Stock Exchange (CIG). It is usually referred to as NYSE:CIG or CIG-N
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In the last year, there was no coverage of Companhia Energetica published on Stockchase.
On 2024-10-29, Companhia Energetica (CIG-N) stock closed at a price of $1.95.
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.