Sabesp Q2: Stretched Valuation Overshadows The Great Result (NYSE:SBS)
NancyAyumi/iStock via Getty Images Investment Thesis I recommend holding Sabesp (NYSE:SBS) shares after 2Q24 results. Sabesp reported strong results in 2Q24, even beating market estimates in both revenue and earnings per share. In addition, the company will have much more freedom to make assertive decisions due to the privatization. However, the valuation is extremely stretched…