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Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS)

NYSE - NYSE Delayed Price. Currency in USD
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8.93+0.03 (+0.34%)
At close: 04:00PM EDT
9.02 +0.09 (+1.01%)
After hours: 07:40PM EDT
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  • A
    Anonymous
    Nice to see SBS catching fire. I've held it for years thinking it was undervalued relative to other water infrastructure companies. It has grown to the biggest position in my portfolio. Alas this means I will probably need to trim. or at least write covered calls.

    FL
  • U
    Uncle Scrooge
    Buy on today's dip, will only go up from here!
  • A
    Anonymous
    Todays Pullback 4-6-22

    As I noted a couple days ago, I sold calls. However, I still like SBS. Brazil as a whole is a commodity producer at a time where much of the developed world is worried about commodity inflation. Brazil has in the past sent much of its commodity output to China. China is one of the few places in the world not enacting or contemplating rate hikes. So they want their economy to run hotter. I can easily envision the Chinese economy ramping up commodity imports from Brazil. Finally, the world looks to be facing a food crisis and Brazil and the Sao Paulo region is a major food producing area. All this means that the trade balance looks favorable for the foreseeable future. The Real currency should continue strengthening, removing some of the historical foreign currency debt concerns that have plagued SBS (I think these concerns have been overblown since SBS has toned down its foreign debt dependency). Bottom line is look for SBS to resume the uptrend.

    FL
  • Y
    Yahoo Finance Insights
    SBS is up 4.95% to 9.85
  • Y
    Yahoo Finance Insights
    SBS reached a 52 Week high at 8.33
  • O
    Omar
    I'm long SBS. Let me explain. The fastest growing economies right now is India, China, and Brazil. Maybe UK is also worth mentioning. Im not looking for a one day pop here. I believe the Brazilian economy will push this back up to 11 or higher 😃
  • O
    Omar
    Has this stock always payed a dividend?
  • N
    Not
    They issued one-year maturity USD250MM debt. It's depressed market cap is USD4.5B. But they lost 3x the notional in market cap on the news. -13.5%. Makes little sense (is it because justice minister resigned??) Picked up a large chunk here
  • s
    soccerfool
    I see the news, but feel clueless on why it is taking a dive. Any insight??
  • A
    Anonymous
    Jan 14 News From Schwab

    Brazil's Bovespa stock index recovered from losses
    earlier in the session to continue on its record high path,
    hitting a fresh high.
    State-run sanitation company Companhia de Saneamento Básico
    do Estado de São Paulo, or Sabesp, was a big boost to
    the index, up 6 percent as Sao Paulo officials discussed its
    privatization.
  • A
    Anonymous
    Still trading in a downward trending channel. If it can break 7 then there is hope for a breakout.
  • z
    zarlin
    time to buy !
  • U
    Uncle Scrooge
    SBS is doing very well despite the real tanking...if the real was at .25 (which it was exactly one month ago) SBS stock price would be 14.35 today.
  • M
    Massive Loss
    Decline seems too much. There is higher expectation of Brazil central bank interesting rates while also intervening on the currency market as well. This on top of US bonds yields finally declining. It doesn’t make any sense right now and makes me more bullish on SBS.
  • U
    Uncle Scrooge
    Time to take advantage and buy SBS on the dips
  • U
    Uncle Scrooge
    Going to be a big day Tuesday!
  • M
    Massive Loss
    Reason for the jump despite weakness in the real? Institutions are starting to come in. https://www.barrons.com/articles/why-it-might-be-time-to-buy-brazil-stocks-51617962400
  • B
    Bobby
    Awesome earnings report. Beats top and bottom and all in-between! SBS is doing very well and ripe for a juicy privatization. And, water reservoir levels in São Paolo are at historic highs!
    http://www.prnewswire.com/news-releases/sabesp-announces-2018-results-300820883.html
    SÃO PAULO, March 29, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and...
    SÃO PAULO, March 29, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and...
    www.prnewswire.com
  • P
    Pascal
    Solid performance and great growth prospects with a recovery of the Real-USD highly likely later this year. This is a great buy right now.
  • A
    Anonymous
    SBS is really moving on the election results. Bolsonaro's platform of privatizing large companies to solve the Gov graft and corruption problems, if implemented, would be a complete game changer for SBS. IMHO this is one of the main reasons for the valuation discrepancy between SBS and other higher valued water companies.

    FL