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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (52430)9/25/2013 11:26:38 AM
From: Dennis 3  Read Replies (1) of 78704
 
<I probably would buy other stuff, before i would look at banks in Argentina.> I think a lot of people will agree with you on that. But that is what attracted me to them. Everyone is scared of Argentina so you can find a lot of mis-priced businesses. Argentina is a mis-understood economy that is often describe as a profligate government, but looking at the numbers tells a different story. You have an economy growing at ~8% this year and stocks selling as if they are in or headed for recession. Don't get me wrong, there are some risk but you are being paid to take that risk. And early when I was buying the yield was even better.

Also there are banks selling in the us(adr's) also telecom and energy stocks.
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