The business of producing and supplying power in emerging market
countries like Brazil isn't all its cracked up to be. While it's true
that companies like CEMIG (NYSE:CIG)
are poised to benefit from increasing electricity demand as Brazil
continues to modernize and grow, Brazil is not the only emerging market
to pursue a rather hard line with respect to regulation and tariffs.
This has put CEMIG in the unenviable position of having to rely on M&A and cost efficiency for better performance, all while sporting a hefty debt load.
Please read more here:
http://www.investopedia.com/stock-analysis/070213/cemig-not-cheap-dividend-stock-it-appears-be-cig-elp-aes-ebr.aspx
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