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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: John F. Poteraske who wrote (972)1/18/2008 11:15:15 AM
From: Steve Felix  Read Replies (2) | Respond to of 34328
 
CPL does sound interesting.

Company website: cpfl.com.br

FWIW:

We have my daughters boyfriend from Brazil staying with us until Feb. 2nd.

He is currently sitting on the front porch looking at the three inches of snow we got yesterday. The most he has ever seen. Beautiful he says. Maybe I need to put a shovel in his hands. lol!!

He says that he has heard of the company and that they mostly are in Sao Paulo. He thinks they are a distributor only, but not sure. Historically, he says that the area of Sao Paulo had many hydro plants that were government owned.

In talking to him, you would think Brazil is the most corrupt country in the world. Money will get you into or out of anything. He is currently a med student in Rio. When you are late with a payment, people are sent around to cut you off, no excuses. When he was late with a bill, he gave the guy that came around the equivalent of US $2.50, which gave him a months reprieve. He claims that the company that serves Rio:

light.com.br

loses 40 to 60% of their electricity through theft. Their are seven big slums ( flavellas sp? )in Rio, where even the police fear to tread. No way they will pay anyone enough to go in and cut those people off.

There was a headline just before Christmas where Santa was shot at over one of the slums. Santa was flying by helicopter to visit somewhere and the drug dealers in the slums thought it was the cops. Santa had to return from whence he came. lol!