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BBVA Banco Francés S.A. Message Board

  • dasamaru40 dasamaru40 Dec 29, 2012 12:45 PM Flag

    improvisation in Argentina

    The criticism of the new import-export policy in Argentina is leading to a return to the conglomerate form of business model.This fallback position to the late 1960s is not necessarily a negative development for Argentina as it protected many large and small commercial enterprises from shattering losses during the decades of inflation and political dysfunction.Moving outside the core business and entering unrelated and maybe, unfamiliar businesses saved many corporations in Argentina despite lowering the ROE. Argentine businessmen are smart and imaginative and shifting from the congeneric business paradigm to the conglomerate form may provide a more stable and safer approach in the months and years ahead ,and encourage outside investment as the risk to a holding company is decreased.

    Sentiment: Buy

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