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....
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For further details see:
Cosan: Q1 2024, Waiting For Deleveraging