Thanks for the info shiftsuper. I think IRAs may be treated a little different than taxable accounts , but not sure.
I don't understand the price action today. I guess we just gain too much on Wednesday.
There was a question in the conference call about growth...
And then my other question relates just to growth opportunities in general. Loan growth, 8% to 10% is pretty good, especially given regional GDP, but any thoughts on maybe risks to that number? What are potential upsides for that number?
which leads me to your question of growth opportunities, we'll be able to rotate our portfolio more quickly. So in that sense, as I told you in my initial remarks, the growth will be diverse in different countries. And we are very optimistic in Mexico. In fact, a big chunk of our growth can be -- can come from Mexico. We've given you a very conservative guidance, 8% to 10%, but as we move forward during the year and as these trends confirm in Mexico, Central America and the Indian countries that I mentioned, Chile, Colombia and Peru, eventually, we might get some upside in that growth projections and increase a little bit up to 12%, I would say. But I wouldn't see more than 12% for the whole year in 2015.
That sounds pretty good to me...if they had said everything would be stagnant for the year, I would not have been surprised. Yet, they are forecasting 10% growth with maybe some upside.
Middle paragraphs from the transcript posted at Seek ing A Lpha.
Cheap oil hurts Venezuela & Ecuador, and cheap copper hurts Peru & Chile. Argentina & Brazil have a few problems, too. Sure hope BLX can maneuver around well in this environment.
They sure did let'r rip.
As the news release pointed out with oil ... "the majority of Latin-American economies looks poised to benefit as Net Importers of crude and refined fuels" ... so that may not be a factor or maybe a positive.
I am surprised it isn't higher but it probably is still going to climb up with the conf call tommorrow.
Earnings per Share ("EPS") Full year 2014 $2.76
versus full year in 2013 of $2.21
$0.93 eps on Q4 eps
$0.62 eps for 2013 in Q4
nice increases all around with a payout ratio that shows the possibility of dividend increases of good size into the future.
I don't see any weaknesses in the report...which is surprising with the large drop in oil prices.
•Bladex's fourth quarter 2014 Net Income totaled $36.1 million (+51% YoY; +36% QoQ). Full-year 2014 Net Income of $106.9 million (+$22 million, or +26% YoY), on improved results in core business segments (business net income of $103.5 million versus $89.4 million in 2013) and non-core activities.
•Net interest income totaled $38.3 million in 4Q14 (+23% YoY; +4% QoQ) to reach $141.1 million in 2014 (+$18 million, or +15% YoY) on higher average loan portfolio balances and increased net margins resulting primarily from lower average funding costs.
•Fees and Other Income reached $7.0 million in 4Q14 (+30% YoY; +37% QoQ), while full-year 2014 fee and other income amounted to $21.8 million (+$5.9 million, +37% YoY), attributable to increased syndication, structuring and distribution activities.
Bladex's Fourth Quarter and Full-Year 2014 Earnings Release will be distributed on Wednesday, February 11, 2015 before the market open and will be available on the Bank's corporate website, along with the webcast presentation.
The conference call will be on Thursday, February 12, 2015 At 10:00 am eastern.
I receive the full dividend in my Rollover IRA from BLX. Nothing withheld.
disclosure: stockholder for over 5 years
They are a bank for banks mostly in Central and South America.
You have Mexico, Venezuela and Brazil that have a lot on oil production dependence.
The raising of the dividend shows me they are confident.
Did they know oil would fall this far? I doubt it, but oil had already declined a lot when they announced the higher dividend.
I still sleep well at night with this stop. it is the least of my worries as far as stocks go.
just added email@example.com now back to my most ever at 6000 shares. I plan to hold until it goes back up to $34 and sell the 2000 I added this week. That's the plan any way.
That and maybe the strong dollar doesn't help either. In any case I bought back in a little and at a level higher than at which I sold while missing some dividends. Oh well.