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You seem to know much about Argentina. How come? Have you ever lived here?
Perez Companc under $ 10?? It's trading at $ 6.27 now, a steal. Better rush and buy now.
Another great argentine stock, one of the best in my opinion is Siderca (ERCA). This one never fails. You can buy ERCA now in the argentine stock market at $ 2.55. 52-week high is $ 3.35. It's a half argentine-half italian company, that makes steel pipes for the oil industry, and it's a leader in its field *worldwide* (has a 30 % market share in steel pipe production, I repeat, *worldwide*), it's a truly multinational company, owns Tubos de Acero de Mexico, Tamsa and Dalmine in Italy, and Techint (an infrastructure construction company), very, very large group, worth billions of dollars. Exports 80 % of its production. The price is a bit depressed now because of the low oil prices, but it's a safe bet in the middle term. Besides, it always pays huge dividends (15 % or so).
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message from Tom R. Yarnall on Apr 17 1998 1:35AM EST
FWIW: Points 1 thru 4
1) I would not want to be caught holding certain of these issues were
the Dow to correct too deeply.
2) Mr. Soros is not a great friend of mine. I prefer not to support his
agendas through either Cresud or IRSA. That's just me. IRSA has done
phenomenally well. Always did believe the riverfront projects showed
alot of savvy on someone's part.
3) Should it fall below US$10, which I believe it will in the not too
distant future, I would buy Perez Companc by the bushel.
4) It has been possible in the past to make a small fortune trading
Telefonica in a volatile market.
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