Sumoy

Investment ideas and financial education

Endesa – Spain won´t do well any time soon.

Endesa shares are not that cheap anymore after a 45% rally in 8 months. Given their recent gloomy guidance for Spain and their LatAm leverage, I would be selling the stock at current EUR18 levels. Quick note here.

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2 comments on “Endesa – Spain won´t do well any time soon.

  1. Joan Gili
    22/04/2013

    Nice call Josep, 50% gain in less than a year.

    • jjsumoy
      23/04/2013

      Thanks Joan! European utilities are beaten down, it is likely we will see ELE at 15ish levels soon.

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This entry was posted on 14/03/2013 by and tagged , , , .
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