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VALE S.A. American Depositary Shares Each Representing one
2024-06-04 00:25:38 ET
Summary
Cosan released results with ups and downs in each of its subsidiaries.
The big highlight was the simplification of investment in Vale, while deleveraging is slow.
The company has perennial businesses vital to the energy transition, and remains cheap compared to its peers.
Investment Thesis
I recommend buying Cosan shares ( CSAN ) after the release of the 1Q24 results on May 29th. A weak result was already expected by the market, as the subsidiaries had already released their results....