There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year. The second earns 12%, but all the excess cash must be reinvested - there's never any cash. It reminds me of the guy who looks at all of his equipment and says, 'There's all of my profit.' We hate that kind of business.Charlie Munger
Wednesday, April 18, 2012
Thought of the Day
Friday, April 13, 2012
ELPL4 - Eletropaulo
Market is indeed very crazy! It was so in love by dividends and energy companies that just now they realized that the price revision would have a great impact on earnings! If revenue drops 10%, earnings will fall a lot more!
That's my best prediction of what would be a recorrent net income for ELPL. And dont't forget the huge demand of Eletrobras, about 1 billion.
What Parisotto would say?
That's my best prediction of what would be a recorrent net income for ELPL. And dont't forget the huge demand of Eletrobras, about 1 billion.
What Parisotto would say?
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