thank you for that - I never saw a CC transcript. THAT I can understand, political developments not so much. I'm guessing the selloff is now over and I probably missed a change to accumulate more on the downward blip. Maybe next time.
From what I can gather, a forecast downturn in the Chilean economy was indicated in the conference call in future quarters.. with mention of mining projects on hold and other concerns pointing to a slowing domestic growth. It is alluded to in the conference call. That is the only information I can turn up. I stopped out today at 85 (executed at 84.75) with about a 4 point loss. Something seems to be wrong here based on good earnings and yet a sharp and almost unrelenting downturn over the last 5 days, and right through earnings and the conference call to boot. For good measure, I bailed out out of my domestic bank stocks today, too. If history is a guide, this stock and the others should start rising sharply again soon. Next time I will stick with more liquid equities, both trading wise and information wise.
I thought that Ms. B was already president 2006-2009 so how bad can it be?
I always thought Chile was run a little more rationally (economically speaking) than the rest of Latin America, so if I park some cash here what's the main risk? To me It seems a reasonable risk / reward as I'd presume BCH is likely to grow faster than a large American or European bank. Please tell me Chile won't turn into some kleptocracy like Argentina or Venezuela.