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Prosperity Bancshares Inc. Message Board

  • YardSalePicasso YardSalePicasso Jan 5, 1999 11:41 AM Flag

    HUGE Buying opportunity on horizon!

    Just recieved the 3rd quarter report. Sales per
    case volume increased throughout most of their
    territory in the third quarter. However currency problems
    and economic recessions hurt the bottom line. This is
    a sixty year old company and KO "anchor bottler"
    with acqusition on its mind. In an economic downturn,
    if they can add more independent bottlers at
    discounted prices, it should pay huge dividends when the
    territory recovers.

    There is another big buying
    opportunity coming within three to six months. A large
    portion of PB territory includes Brazil, Venezuela, and
    Columbia. I expect the devaluation to begin shortly after
    the new Venezuelan president takes office in early
    Feb. Brazil and possibly Columbia will soon follow.

    It could be a violent year for the stock price. I
    expect to see $15 or less. I'll buy there ( which is the
    book value ) and lock in profits at $20.

    is a good stock for contrarians, growth, and value

40.34-0.43(-1.05%)4:02 PMEST