Followers | 10 |
Posts | 473 |
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Alias Born | 02/10/2006 |
Monday, January 11, 2016 3:49:44 PM
As you have pointed out, things are looking up in terms of SBS operations. The bonus looks like it will be phased out, so profitability will improve. The reservoirs are out of the critical zone and the river diversion will come on line next year adding much needed water supply security.
However, as I have opined on several posts, it is apparent that SBS reacts strongly to macro Brazil and currency issues. I suspect the impeachment proceedings will get fairly ugly. So more weakness is not out of the question.
Happy New Year to You too.
FL
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