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Non-Tech : TMX ready to take-off?
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To: Al Serrao who wrote (5)2/19/1997 3:28:00 PM
From: Peter Best   of 92
 
TELMEX IS STARTING TO MAKE UP IT'S LOST GROUND. I ORIGINALLY BOUGHT 5K @ $.33 AND ANOTHER 5K FOR $.50/SHARE. IT WAS LATER CONVERTED 20 TO 1 IF I RECALL. AFTER PEAKING AT $77/SH IN LATE 94', IT (ALONG WITH EVERY OTHER MEXICAN STOCK) CRASHED ALONG WITH THE PESO. I THINK IT FELL TO AROUND $23 BUT HAS MADE A NICE COMEBACK SINCE. I THINK IT'S STILL A PRETTY SOUND INVESTMENT, CONSIDERING THE MEXICAN GOV'T HAS PAID OFF IT'S DEBT'S TO THE US WELL IN ADVANCE AND THAT IT PAYS A NICE DIVIDEND.
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