fears that Brazil could default on their debt and their political elections in Oct. Cardosa can not run and the conservative pick Serra has only 12% of the vote. Venezuela had a coup and Chavez is on shakey ground. Argentina is totally in the tank and Colombia has a new president who they welcomed into power with Fire bombings. This is a difficult enviroment to run a biz but Pamaco has been doing it for years and everything will work out . They stock is cheap and the currencies in Latin America are rebounding. Time to buy.