Copel (NYSE:ELP), the state-owned utility company of the state of Paraná, delivered on many of the promises made by the current management team at its recent investor day event. Furthermore, the fundamental advantages of
Copel: Staying Neutral Despite A Positive Investor Day Event
Summary
- Copel delivers on many of its earlier promises at its investor day event.
- Updated investment guidelines highlight encouraging capital discipline, with the potential for a near term dividend hike also a key positive.
- However, with a pending secondary offering by the controlling shareholder, shares could come under pressure in the upcoming quarters.
Analyst with a keen interest in the global markets, always sifting through company filings in search of compelling opportunities. Approach is heavily centered on the notion that one needs to be non-consensus right in making investment decisions. A keen follower of value investing legends such as Peter Cundill, Seth Klarman, and more recently, Rupal Bhansali.
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