Will LBJ ever endure a sustained rally? Latin American stocks have lagged the overall market since 2010. Latin American stocks seem cheap to me right now, although they also seemed cheap a year ago, yet they have gone nowhere.
Adjusted for distributions, LBJ closed at around $160 on its first day of trading on December 3, 2009. From where it is right now, LBJ could definitely break through $160 in a powerful rally, although I cannot see the catalyst for such a rally.
Latin American stocks will eventually experience a multi-year bull market rally like they did between 3/03-5/08 and during the early 1990s. Given the way it compounds and its leverage resets, LBJ could easily rocket 1000% or much more during a powerful multi-year rally.