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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB -- Ignore unavailable to you. Want to Upgrade?

To: Arnold Layne who wrote (11)	3/22/1998 8:19:00 PM
From: k. Urmann	Read Replies (1) \| Respond to of 72

To be honest I care little about the politics of the country or region. Latin America has always been in chaos with all the caudillos and revolutions. However this stock is a strong STRONG value, it has nowhere to go but up. with a P/E of under 10 and growth rates of 17% how the hell can you go wrong? there is no risk at all. In an age when some companies are commonly trading at P/E's of 60 the real safe place is in undervalued markets regardless of whether some people percieve them as "risky" or not. Since you have been to Colombia do you have any personal experience with Banco Industrial? I don't speak spanish. How well respected is the bank within Colombia?