Anyone else a little Frustrated wtih ARCO? I have been long since shortly after the IPO. I am currently under a lot of water on this, wish i could walk (swim) away but just cant. Anyone have any thoughts on what the rest of the year may bring? maybe hit $20 by december?
HOLD ON. See my comments in the other ARCO threads. This will rebound. The fundamentals are there. If Warren Buffet announced tomorrow he had a position, This stock would be at $20 and never go down. This is not a scam penny stock fake pharma or a tech company that will be out of date one day like Sony or Apple. This is Mcdonalds in Latin America ( What the USA used to be -families. Hamburgers and french fries served Consistently . You should be ahead by 2016.
Yes it is, until you figure out it is just a surrogate for the exchange rate between the dollar and Latin American currencies. Once that is realized, it becomes a decent surrogate ... and a profitable trading vehicle. I've made a bit by trading the volatility on that basis.
As far as a buy and hold? Either buy it cheap, hold for the dividend and count on Latin economies (and hence currencies) appreciating long term, or don't touch it. Please note the current price is making a run down to $11. Seems to be a bit of a falling knife at this point.
Pick an entry point between $10.80 and $11.25 and sell above $13 if you want to make a few quick bucks.
Buy down every $2....once this exchange rate stabilizes growth well drive this back over IPO price. Patience. For a two year public market company I'm willing to wait this out. I would imagine only original stock holders left are institutional holders. If this breaks 10 I'm going to double my lots