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Prosperity Bancshares Inc. Message Board

  • gregofuse gregofuse Aug 19, 2002 10:57 AM Flag

    What has been driving this stock is the

    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.

48.70-0.78(-1.58%)4:01 PMEDT