Comp En De Mn Cemig ADS American Depositary Shares (CIG) Company Bio
Companhia Energética de Minas Gerais S.A. engages in the generation, transmission, distribution, and trading of electric energy in Brazil. It also distributes natural gas. The company was founded in 1952 and is based in Belo Horizonte, Brazil.
CEMIG (CIG) is an electric utility headquartered in Minas Gerais, the second-largest Brazilian state. COVID-19 has heavily affected their earnings, and the company’s dividend has declined significantly. Additionally, the country risks make this company thoroughly unattractive. Image Source Earnings For the second quarter, CEMIG’s net profit declined 50.6% year over...
Sunset Analysis on Seeking Alpha | August 27, 2020
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]