flipper escribió:Breaking news from reuters
PIMCO, Legg Mason and dozens of other fund managers have sued Petrobras.
They claim $28B in funds were diverted due to fraud.
Petrobras needs to stem cash burn in order to service its $134B debt -- now at junk levels.
Its $90B in dollar-debt could sink the company if the Brazilian real continues to depreciate against the dollar.
Lawsuits will cost money and tie up management time. Sell PBR.
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