LBJ might remain weak for a few months, but it wouldn't surprise me to see it rocket 100% or more near the end of the year. I still expect LBJ to touch $140 sometime this year.
The P/E ratio of emerging markets stocks is reportedly somewhere between 10 and 12. This is much lower than the average P/E ratio of around 16 or so at which emerging markets stocks reportedly averaged between 1995 and 2011. I also remember the P/E's of emerging markets being around 20 or higher back in 2007.
At some point the P/E ratios of Latin American stocks will expand and LBJ will soar much, much higher.
That might be true. But an investor in LBJ now will be wiped out by then. At what loss point do you get out?? When its around down 10% most investors start getting nervous. I didn't like this drop into the 80s.