"Several global utilities offer excellent growth potential while throwing off moderate income," says Stephen Leeb in Income Performance Letter. Here's a look at a pair of Brazilian utilities.
"We particularly favor two companies in Brazil. The economy appears to be on the mend from the global financial crisis and should be expanding at a 5% pace again by 2010.
"Brazil's prosperity is translating into greater consumption of electricity and water. Two major beneficiaries are our Growth & Income holdings CPFL Energia (NYSE: CPL) and Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS), known as SABESP for short.
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