EC ECOR3.SA EcoRodovias Infraestrutura e Logística S.A. Загрузка... : Бычьи и медвежьи мнения аналитиков

Ecorodovias is a leveraged toll-road company that currently offers a compelling 20% real internal rate of return based on conservative assumptions, mainly because the stock was crushed by political and macro fears. The business has regulated cash flows and a hard-asset nature that, unlike cyclical firms, does not become more leveraged in a downturn. However, the high debt level and sensitivity to Brazil's economic cycle keep it as a small watch position. The speaker would consider increasing exposure once there is clearer visibility on the political and interest-rate environment.