A note, as I have done an analysis of Grupo Mexico myself: Grupo Mexico is not a good peer, but its transportation business is listed independently on the stock exchange under "GMéxico Transportes", which would probably be the best peer overall for Rumo
Thx! Well I don’t own Cosan. I would like to, considering some of their assets are real crown jewels, but I can’t fully grasp the ethanol business and probably never will be. It’s good they have left Vale and started repaying some of their debt. But I am not the best person to ask for Cosan.
Either you have direct acess to the Brazilian market or you go with the OTC listing. You could also buy Cosan, which owns 30% if Rumo. Cosan is listed in New York.
Thanks for the analysis!
A note, as I have done an analysis of Grupo Mexico myself: Grupo Mexico is not a good peer, but its transportation business is listed independently on the stock exchange under "GMéxico Transportes", which would probably be the best peer overall for Rumo
Thank you. Havent seen this until now.
I would consider buying cosan at current prices a good alternative for those who have no access to brazilian stock market
Yeah, this is an option. The thing with Cosan is that it is a very complex business with many moving parts. But its extremly cheap.
Nice analysis. How do you feel about cosan leverage and interest costs? I'm not too convinced on it
Thx! Well I don’t own Cosan. I would like to, considering some of their assets are real crown jewels, but I can’t fully grasp the ethanol business and probably never will be. It’s good they have left Vale and started repaying some of their debt. But I am not the best person to ask for Cosan.
Is there a liquid listing to buy this? The US otc seems illiquid and IBKR doesn’t allow Brazilian listed.
Either you have direct acess to the Brazilian market or you go with the OTC listing. You could also buy Cosan, which owns 30% if Rumo. Cosan is listed in New York.