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The Long Case For Companhia Energtica De Minas Gerais - CEMIG

|Includes: Companhia Energtica de Minas Gerais - CEMIG (CIG)

Elevator Pitch

Good: Low P/E 7.09, low P/B 0.49, Projected 78.57% growth next year (not sure how credible), low capex growth, government monopoly, dividends (sometimes), increasing cash 0.05

Bad: High debt to equity 114.93% (ok compared to industry average of 130%), current ratio 0.72, decreasing revenue 5%, decreasing book value, decreasing EPS 70.64%, long-term decreasing EPS 17.13%.

Category: Cigarbutt

Bought at 2.18 on Dec 19, 2016

Disclosure: I am/we are long CIG.