America Movil S.A.B de C.V. (ADR) (NYSE:AMX)

TMFGuardian (99.25) Submitted: 5/18/2008 3:33:24 PM : Start Price: $27.35 AMX Score: +19.22

America Movil is well positioned to benefit from the growth of wireless communications in emerging Latin American markets.

The stock has slid over 10% recently after its last earnings report. However, it is my opinion that much of the cap ex that led to AMX's increased costs (and lower profits) will lead to substantial gains in revenue and corresponding profits over a long-term horizon.

In the short term, the recent deal with Apple to sell the iPhone will help America Movil begin to reap some of the benefits of its investments in its 3G network.

In addition, the stock can be considered undervalued with its PEG of 0.56.

Finally, AMX's share buyback will help to support the stock.