Hi Tiomigi, Bought 500 shares @35 about 6 months ago. Of course, I am not happy about the recent slide in price but like yourself believe that over the next 12-18 months this stock will be worth 45-50. No reason to sell at this point and kick myself in the head a year from now when the cloud over Latin America/ccy devaluations has lifted and the price has come back to appropriate levels. . Regards- Stalog 17
I gather PB is tanking along with other Mexican stocks because of the problems with the peso. But nonetheless, it's an excellent company with a huge market share in an all-pervasive industry. So, the question is, how much is PB actually hurt by the peso decline? How much of its expenses are in dollars, and how much of its revenues in pesos? And how are the other inflow currencies faring?
This obviously isn't a quick-win situation, but this may be a good time to lock in a solid co. at a relative bargain. (BTW - I'm no big PRI fan, but recent elections make at least the political situation look more stable than it looked a while ago.)