FMX (Latin Am. beverage co): I had been following this one since their takeover of Panamco (Coke bottler).
Trading in price range recently of, say 41-44 for a while (and up a goodly amount from the 30-40 area last year), but now going a little higher- maybe just recently 44-46, , I'd say the stock's got away from me. Aggh. For pain relief, I'll take on a few exploratory shares now, and move FMX off my watch list.
I'll call it a GAARP stock at current price. Although, with a current and projected p/e of about 11-12, that's not too bad for a maker and distributor brand-name beers and sodas. (2nd biggest bottler of the Coca-Cola Co., & they also produce Tecate, Carta Blanca, Do Equis, Bohemia, among other beers.) Additionally, and maybe importantly, FMX operates "the largest chain of convenience stores in Latin America and one of the 20 largest in the combined area of Canada/US/Mexico." ("3259 stores strategically located in Mexico's most important metropolitan areas")
P/bk is about 1.2. They have d/e of .98. I don't know how the real estate they control is accounted for. (Whether any of those convenience stores are owned outright or if all or any are leased on or off the books.) |
