just invested long, love some feedback from long time investors
I love the potential growth story here. I lived in several latin countries the past decade and McDonalds is just starting to pop up everywhere with plenty of growth ahead. I'm in around $12.25 a share, happy it's well below IPO price but that aside what may I be missing. They appear to be a better bet than Mcdonalds stock over the next 2 years if they come back after a lousy few quarters. I don't see any huge pitfalls here but again would love some feedback.
Actually that is completely unfair. Blame the market at the time for craving emerging market consumption stocks. If you look back ARCOs management believed they should IPO between 13-15$ per share, and that was in Brazils boom time. Because of all the people in the US that wanted emerging exposure, its first day of trading already brought it to 21.
Brazil has since become the dog of emerging growth with only 1% GDP growth this year, and the Real is now valued at 2.05 compared to 1.6 at the time.
it makes sense the stock is trading in the high 12s and possibly could rebound to 15