Companhia Sanea (SBS)

[flatlander_60048]

Sorry about the delay getting back to you. I got an unanticipated update to Windows 10 OS that wiped out saved settings. I've reset my passwords so I'm good now. Would have done it sooner but got busy with work.

I would definitely go back to Praha. Sedlick Ossuary (Aka Bone Church -my son's idea) was macabre but interesting. We were in the Old Town area near the square. Had a lot of fun playing people from all over the US and Europe in Foosball. Great way to meet people while trying out the Czech beers (All Pilsner's that I thought tasted very similar).

I prefer your way of traveling (via Euro-rail). Although, we learned that some of the Czech trains outside the City are prone to mechanical problems. We were keeping everyone in the family happy so we hop scotched around to Amsterdam and Norway) via short flights. As it turned out, Hiking the Fjords of Norway was a welcome reprieve from the heat wave Prague was having at the time.

Looks like I'm going to lose about 10% of my SBS holdings since it is trading well above the July 7.50 calls I sold. I'ts a better strategy when the stock share price was not in such a strong upswing. I thought SBS was due for some sideways action after the quick run up from $3.50 to $7.50. But it appears to be making a strong run to $8.

The rain in June has been a welcome surprise since it is early in the dry season. As I have mentioned before, the supplemental supply from River diversion will go on-line next year. So the water supply crisis appears to be over. While I remain long term bullish, I'm anticipating a summer pullback in SBS and the US market, driven by any number of factors (Fed, Political uncertainty, high valuations, etc.).

Regards
FL