Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: marcos who wrote (209)	3/1/1998 2:23:00 AM
From: Arnold Layne	of 230

Marcos, I'll take that "Classy spam" quote as a compliment, and enjoy you sense of humor. That said, I am serious and I do own a lot of CIB and have put quite a few people into CIB. Colombia, well I am a Gringo, but I have spent a good bit of time in "Coco-Loco land" and I never saw an AK-47, although I did see plenty of automatic weapons. I'll post a likely like about those AK's on the CIB thread, for you though. One thing that you may not know is that in the last couple of years Mac Donalds has gone into Colombia as has Office Depot. I also believe that Walmart is there too, but I am uncertain of that. Numerous others such as a Dutch retailer known locally as "Macro" have recently set up shop in Colombia. In the banking sector, a big Spanish bank (NYSE:BBV) has a big stake in BGA (NYSE:BGA) and Banco Santander (NYSE:STD) bought out a local bank by the name of Bancocia (Banco de Antiocia), which now is known as Banco Santander de Colombia. Hope that helps to put thing into perspective for you. Also your incredulity "Colombia?" is probably the very reason that this is probably so undervalued. Best wishes. I am looking forward to some more of your humor!

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