Companhia Sanea (SBS): SBS They are out finally and look ver...

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Saturday, 03/27/2010 6:55:01 PM

Saturday, March 27, 2010 6:55:01 PM

SBS
They are out finally and look very very good.

http://www.sabesp.com.br/sabesp/filesmng...$File/SBS_4Q09.pdf

Sabesp announced 457.3M reais profits in Q4, or $2.30 USD per ADR at the 3/31 exchange rate of 1.745R$/USD. This is in fact so good that I need to go through the announcement carefully to find any one time gains (such as on the pension fund) before I really believe this is big

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