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Grupo Financiero Galicia S.A. (GGAL) Message Board

  • dasamaru40 dasamaru40 Dec 21, 2006 12:33 PM Flag

    stock activity

    Most of the readers of this message board who follow the Argentine market have read the recent activity in GGAL ,BMA and IRS as well as BFR correctly. Aside from the macro-picture of economic activity in Argentina which has a painted a bright picture, I still y

    Most of the readers of this message board have read the Argentine economy correctly. Everybody should have been booking profits and even re-establishing new positions. I still think that if GGAL wants to compete against the other titans of Latin-American finance and newer entrants, some part of their holdings will need to be sold-off to a real behemoth in order to raise the capital for purposes of expansion or for larger commitments to existing corporate clients needing big money for their expansion or acquisition plans. An example of this --- SABANCI of TURKEY selling-off part of its position in the powerful AKBANK to CITIGROUP.

28.73-0.98(-3.30%)Jun 27 4:00 PMEDT