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Bet on Brazilian utilities for income and growth |
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| Aug 17, 2009 07:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Brazil, Newsletters, Stocks to Buy  "Several global utilities offer excellent growth potential while throwing off moderate income," says Stephen Leeb in Income Performance Letter. Here's a look at a pair of Brazilian utilities.
"We particularly favor two companies in Brazil. The economy appears to be on the mend from the global financial crisis and should be expanding at a 5% pace again by 2010. "Brazil's prosperity is translating into greater consumption of electricity and water. Two major beneficiaries are our Growth & Income holdings CPFL Energia (NYSE: CPL) and Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS), known as SABESP for short. Continue reading Bet on Brazilian utilities for income and growth Bet on Brazilian utilities for income and growth originally appeared on BloggingStocks on Mon, 17 Aug 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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