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Rio 2016: Guide To Investing In Brazil

Wed, 07 Oct 2009 13:48:11 GMT

There was a lot of talk about potential host cities for the Olympics lately and the politics associated. That talk died down after Brazil was awarded the honor of hosting. You may be asking “how does that relate to trading”…well my friend Raul of the Shocked Investor is about to make that connection. He has been researching the Brazilian stocks and options recently and more importantly ones traded on American exchanges. Enjoy the article and be sure to leave a comment with your thoughts.[More...]

With One Of The Hottest Economies On The Planet Brazil Is Finally Living Up To Its Promise

Wed, 12 Aug 2009 17:28:00 GMT

Brazilians used to joke that their country was the country of the future - and always would be because a new crisis seemed to crop up every time the economy came close to fulfilling its potential.[More...]

Best Economy In The Americas – Brazil

Tue, 16 Jun 2009 18:06:00 GMT

Wall Street tends to take a very myopic view of the world – the view that the entire financial universe revolves around them and the United States. And that what goes on in other countries is unimportant.[More...]

Selling Hartford, Buying Canadian National

Sat, 16 May 2009 15:37:53 GMT

Since the last time I wrote about my portfolio, things have been volatile. Here are my actions since then: New Buys National Western Life Insurance Canadian National Railway New Sells — Hartford Financial Rebalancing Buys: Assurant (brnging it up to a double-weight) Dorel Industries Rebalancing Sells: Allstate (2) Assurant Companhia De Saneamento Basico General Dynamics Crp Genuine Parts Hartford[More...]

Bottom Fishing

Mon, 08 Dec 2008 14:12:00 GMT

After Friday's rally in the face of horrible employment numbers, I am taking a closer look at long setups off of the lows. Before I get to individual stock charts, let's look at the 60 day SPY chart: As I am writing this, futures are up significantly in the premarket. I will be looking for a move above the 11/28 highs to get more aggressive on the long side. A few cautionary notes are in order. I have been getting daily updates from [More...]

Wall Street Warriors Debuting Next Week In Australia, Shunned By Debt-Ridden Americans

Mon, 01 Dec 2008 15:56:00 GMT

Oh yes, WSW is gonna throw another shrimp on the barbie starting this Friday night on their SBS channel That makes it double digit countries that WSW is in now internationally…you can see the... Visit TimothySykes.com to read full article with comments [More...]

Interpreting Yesterday's Rally

Fri, 14 Nov 2008 14:00:00 GMT

So I am sitting there, and the market's down around 4%. The S&P had breached the October lows, and I'm loaded with short positions, including a pretty large position in the ultrashort EEV. Then it suddenly occurs to me, everybody's watching this level, including the government. And they have hundred of billions of dollars to buy stocks! I started thinking, if I'm Hank Paulson, I'd be buying hand over fist now to protect the low, maybe put a floor under this market. So I covered a bunch of positions, although unfortunately too few, and what had been a magnificently profitable day turned into something quite mundane. That was some gut-wrenching, exhausting action. So call me a tin-hat conspiracy guy, but I think we would still be dropping if it weren't for the plunge-protection team. All the same, I will respect the rally, since it is exactly what I was looking for in order to move to a bullish orientation. I do not think we have seen the end of the bear[More...]

SABESP to Demonstrate Strength - Analyst Blog

Wed, 05 Nov 2008 16:38:00 GMT

We are keeping our Buy recommendation on Companhia de Saneamento Basico do Estado de S?o Paulo, or SABESP (SBS). The company posted positive results for the second quarter of 2008, even though operating margins were lower. The short-term outlook remains positive, based on the September 2008 tariff adjustment. Despite the recent depreciation in Brazilian real due to the global financial crisis, we believe that soon the currency will strengthen and the company will benefit in the short term. Moreover, the regulatory framework for water and sewage in Brazil in 2006 helped the company in making all possible investments. Our target price for SBS is US$60.00, representing a P/E between 9x and 10x our 2008 earnings estimate, closer to the average of the Brazilian Bovespa benchmark. We reiterate our Buy[More...]

Can Brazilian Stocks Bounce Back?

Tue, 28 Oct 2008 19:09:00 GMT

Yesterday the major Brazilian stock index, Bovespa Sao Paulo, fell to a new 3 year low and closed 60% below the 52 week high reached in May 2008. U.S. investors holding Brazilian stocks as either ADRs or the Brazil focused ETF EWZ have faired even worse[More...]

Six Profit Plays From South Of The Equator

Fri, 24 Oct 2008 17:30:00 GMT

By Martin Hutchinson Contributing Editor Money Morning Like most other markets, Brazil has been battered by the credit crisis – the BOVESPA index is currently down 28% in October alone... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

SEWERAGE: Sabesp to Receive US$600 Million Loan From IDB

Fri, 16 Oct 2009 07:48:00 GMT

SAO PAULO, 10/16/09 - Brazilian water and sewerage company Companhia de Saneamento do Estado de Sao Paulo (Sabesp) will receive a US$600 million loan from the Inter-American Development Bank (IDB) to expand the collection and treatment of the sewerage discharged into the Tiete River, in Sao Paulo.
IDB is also helping the Sao Paulo State Government's plan to extend sewerage operations to the city's entire population by 2023.
The project is estimated at R$4.7 billion, or US$2.6 billion.

[More...]

SABESP Announces Tariff Readjustment

Wed, 12 Aug 2009 15:01:00 GMT

SAO PAULO, Aug. 12 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (NYSE: SBS; Bovespa: SBSP3), one of the world's largest water and sewage service providers in terms of number of customers, announces that the Sao Paulo State Sanitation and Energy Regulatory Agency (ARSESP), approved the tariff readjustment index of 4.43% to be applied to water and sewage tariffs as of September 11, 2009.
This readjustment will not be applied to the cities of Lins and Sao Bernardo do Campo, which have different rules.
During the effectiveness of the readjustment, the tariff charts will be available at the Sabesp web site, http://www.sabesp.com.br/ and at all Company service branches.

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SABESP's Net Income Grows 29.1% in 2Q09

Sat, 08 Aug 2009 00:02:00 GMT

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP , one of the largest water and sewage service providers in the world based on the number of customers, announces today its results for the 2Q09.[More...]

The Public Attorney's Office of the State of Sao Paulo Requires Additional Time to Issue Its Final Interpretation of the Calculation and Eligibility Criteria Applicable to the Retirement and Pension Benefits Paid by SABESP on Behalf of the State of Sao Paulo

Fri, 07 Aug 2009 23:50:00 GMT

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP , one of the largest water and sewage services providers in the world based on the number of customers, hereby informs that, in a meeting with the Company last week, the Public Attorney's Office of the State of Sao Paulo informed the Company that it needs additional time to review the calculation and eligibility criteria applicable to the outstanding debt owed by the State of Sao Paulo to the Company in respect of supplemental retirement and pension benefits that the Company paid on behalf of the State to the former employees of the State-owned companies which merged to form the Company. Accordingly, the Public Attorney's Office expects to issue a final interpretation by August 20, 2009.[More...]

SemBioSys announces agreement with Avrio Ventures Limited Partnership and Botaneco

Fri, 31 Jul 2009 10:55:00 GMT

TSX symbol: SBS CALGARY, July 31 /CNW/ - SemBioSys Genetics Inc. ("SemBioSys") (TSX:SBS) has completed the previously announced transaction with its wholly-owned subsidiary, Botaneco Specialty Ingredients Inc. ("Botaneco") and Avrio Ventures Limited Partnership ("Avrio") for the purpose of amending the capital structure of Botaneco to facilitate discussions that are underway related to a potential transaction between Botaneco and an independent third party (the "Third Party Transaction"). Under the terms of the agreement:[More...]

SemBioSys awarded key U.S. patent for the production of insulin in plants

Thu, 30 Jul 2009 10:55:00 GMT

TSX symbol: SBS CALGARY, July 30 /CNW/ - SemBioSys Genetics Inc. ("SemBioSys") (TSX:SBS) today announced that it has been granted U.S. patent US 7,547,821 entitled "Methods for the Production of Insulin in Plants". The granted claims of the patent are directed to a method for the commercial production of insulin in plant seeds.[More...]

SemBioSys announces non-binding letter of intent with Avrio Ventures Limited Partnership and Botaneco

Mon, 20 Jul 2009 10:55:00 GMT

TSX symbol: SBS CALGARY, July 20 /CNW/ - SemBioSys Genetics Inc. ("SemBioSys") (TSX:SBS) announces that on July 16, 2009, SemBioSys entered into a non-binding letter of intent (the "LOI") with its wholly-owned subsidiary, Botaneco Specialty Ingredients Inc. ("Botaneco"), and Avrio Ventures Limited Partnership ("Avrio") for the purpose of amending the capital structure of Botaneco. The LOI contemplates amending the capital structure of Botaneco in order to facilitate discussions that are underway related to a potential transaction between Botaneco and an independent third party (the "Third Party Transaction"). The Third Party Transaction under discussion would provide ...[More...]

SABESP Has Delayed in Filing Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2008

Wed, 01 Jul 2009 22:09:00 GMT

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP , respectfully notifies the Securities and Exchange Commission that it will not be able to timely file its annual report on Form 20-F for the fiscal year ended December 31, 2008.[More...]

Sabesp Announces 3rd Issue of Promissory Notes

Tue, 19 May 2009 15:01:00 GMT

SAO PAULO, May 19 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp (NYSE: SBS; BM&FBovespa: SBSP3), pursuant to the provisions of Instruction 358, of January 3, 2002, of the Brazilian Securities and Exchange Commission ("CVM"), as amended, hereby informs its shareholders and the market in general that SABESP's Board of Directors, at a meeting held on May 14, 2009, approved the third issue of Promissory Notes of the Company, for public distribution, on a firm commitment and restricted efforts placement basis, pursuant to CVM Instruction 476, of January 16, 2009 ("CVM Instruction 476"), in the total amount of six hundred million reais (R$600,000,000.00) ("Promissory Notes" and "Offer").
The Offer shall exclusively target qualified investors and be presented to the maximum of fifty (50) qualified investors; however, the Promissory Notes may only be subscribed by, at the most, twenty (20) qualified investors, as set forth in Article 3 of CVM Instruction 476.
The Promissory Notes' maturity term shall be one hundred and eighty (180) days, as of its issuance date.

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SABESP's Net Operating Revenue Grows 7.4% in 1Q09

Sat, 16 May 2009 00:16:00 GMT

SABESP Announces Dividend Payment in the Form of Interest on Own Capital

Sat, 16 May 2009 00:10:00 GMT

Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp , hereby informs the Shareholders that on May 14, 2009, the Board of Executive Officers, having heard the Fiscal Council, proposed and the Board of Directors resolved on, pursuant to item XI of article 14, and paragraph 1 of article 29 of the Company's Bylaws, the payment of dividends in the form of interest on own capital related to the period from January to April 2009, to the Shareholders registered as such on May 28, 2009.[More...]